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Fed Rate Cut Signals Seriousness of Outbreak’s Economic Threat

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

Federal Reserve chairman Jerome Powell cut the Fed Funds rate by 50 basis points Tuesday, signaling weakness in the U.S. and leaving the door open for future cuts that could prop up economic growth. The Fed’s last emergency interest rate cut came during during the 2008 financial crisis, and Tuesday’s decision appears to indicate the…

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