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Mom and pop shops cut software spending, creating Wall Street jitters

Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he's looking for ways his company can save money. One main area for cuts: software.Martin started the Seattle-based company with his brother, Brenden, to help...

Hot inflation data pushes market’s rate cut expectations to September

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City.Michael M. Santiago | Getty ImagesAs recently as January, investors had high hopes that the Federal Reserve was about to embark on...

Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year.Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act."I'm not saying that they have to go back...

Switzerland becomes first major economy to cut interest rates in surprise move

The Swiss national flag hangs from the Federal Palace, Switzerland's parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global...

Fed raises GDP and inflation outlook, while keeping rate cut forecast

Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Semiannual Monetary Policy Report to the Congress," in Dirksen Building on Thursday, March 7, 2024.Tom Williams | Cq-roll Call, Inc. | Getty ImagesFederal Reserve members...

ECB’s Lagarde signals June cut, says future rate path uncertain

Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down...