Another Federal Reserve official hinted that interest rate cuts are imminent: Waiting too long to act poses a risk of recession.

Chicago Fed President Charles Evans said that the actual federal funds rate has tightened significantly and the economy is not overheating, so this restriction is not needed; the Fed may need to cut interest rates quickly to avoid further deterioration in the labor market. Dallas Fed President Robert Kaplan did not mention monetary policy, stating that the crisis triggered by Silicon Valley Bank last year shows that the current federal deposit insurance limit may be too low, and the last time the limit was raised was in 2008.

wallstreetcn17minutes ago

Wall Street Today | Market Faces Second-Day Pullback

The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.

Column16:31 ET

S&P 500, Nasdaq and Dow Jones Industrial Average All Sink Thursday

The market eased Thursday, adding to a semiconductor sell-off on Wednesday.

Moomoo News16:00 ET

Goldman Sachs, JPMorgan Chase Share Losses Lead Dow's 581-Point Drop

This article was automatically generated by MarketWatch using technology from Automated Insights. The Dow Jones Industrial Average is in a selloff Thursday afternoon with shares of Goldman Sachs and

MarketWatch15:21 ET

U.S. Economy Is Slowing, Leading Index Signals

The leading index for the economy fell again in June for the fourth month in a row, reflecting a slowdown in U.S. growth since the beginning of the year.

MarketWatch14:26 ET

Mortgage Rates Drop to Lowest Level Since March. Buyers Aren't Biting

The average 30-year fixed mortgage rate fell to its lowest level since mid-March, Freddie Mac said Thursday. The drop hasn't made a difference for prospective home buyers -- yet.

Barron's14:13 ET