As was almost universally expected, the Federal Reserve's rate-setting committeeannounced this afternoonthat it is maintaining the federal funds rate at its current level.1It's the sixth meeting in a row in which the central bank has held its benchmark rate steady, after last raising it in ...
RTTNews|20小时20分钟前 New York Manufacturing Index Pulls Back Sharply In December After reporting a sharp increase by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Monday showing a sharp pullback by the index in...
Americans are bearing the financial burden of higher costs forevery type of loan, from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consumers alike have one question on their minds: When will the ...
Federal Reserve Chair Jerome Powell said regardless of the upcoming U.S. presidential election this year, the central bank continues to make its interest rate decisions independently — and that any way otherwise could result in negative consequences. "It's hard enough to get the economics right ...
Today, economists and analysts continue to digest all the information from the Federal Reserve's decision Wednesday. A slew of data was released on jobs and housing.
"Overall, the development of the labor market has been very positive. It's been a good time for workers to find jobs and get solid wage increases." Federal Reserve Chair Jerome Powell said during a press conference on Wednesday. "You see job growth still strong but moving back down to mo...
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, today in Washington. (Alex Brandon/AP) Fed chair Jerome Powell sought to reassure the world that America’s banks are, on the whole, healthy. “Our banking system is sound and resilient with ...
Then there is the Fed’s trading scandal. This Saturday, it will be eight months since the Fed’s trading scandal broke in the news. This is the worst trading scandal in the 109-year history of the Federal Reserve, and yet, the public has heard nothing from the U.S. Department ...
WASHINGTON, Dec. 19 (Xinhua) -- The U.S. Federal Reserve cut interest rates a quarter point on Wednesday in a widely-anticipated move. However, the central bank indicated there would be fewer cuts next year, as it braces for uncertainty stemming from the incoming Donald Trump administration'...
McBride joins Local News Live to preview today’s announcement from the Fed. Watch here Linda Bell 11/7/2024, 1:15 PM EST Expect even lower HELOC rates as Fed cuts continue The first Federal Reserve interest rate cut since the pandemic set the stage for home equity rates to fall, with ...