The Federal Reserve is not expected to start cutting interest rates just yet. Here's what that means for your wallet.
The Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year. The stock market jumped in response.
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After ending their latest meeting, the officials kept […]
The Fed's decision comes as markets grow increasingly nervy about the persistence of inflation after two consecutive overshoots.
In early 2008 Ben Bernanke’s Federal Reserve downplayed at great cost the downside risks to the economy coming from the subprime loan crisis. Today, Jerome Powell’s Fed seems to be making a similar mistake by downplaying the downside risks to the economy from the commercial real estate crisis and the bursting of the Chinese housing and credit market bubble.
Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the burden on households and businesses.
Unemployment claims fell last week. Despite relatively high interest rates, they're below pre-pandemic levels and near historic lows.
Bitcoin hasn't made big moves since the U.S. Federal Reserve announced its decision to keep interest rates still. It's down by 12% this week, though.
The latest measures of U.S. inflation have turned out to be hotter than expected
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The latest measures of U.S. inflation have turned out to be hotter than expected. As a result, a key question for Chair Jerome Powell and the 18 other officials on the Fed’s interest-rate-setting committee is how — or whether — those price figures have altered their
The Federal Reserve is widely expected to keep its key federal funds interest rate unchanged at about 5.5% this week, as it continues to fight persistent inflation in the economy. That rate has been in place since July and has led to a surge in the cost of borrowing. The Fed's actions are part of a long-standing monetary practice with a simple goal. By making it more expensive to borrow money, whether through loans, credit cards or other financial tools, people and businesses will spend less...
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.