The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.
This month marks the one-year anniversary of the Federal Reserve's most recent interest rate hike, which pushed rates to their highest point in 23 years. Now, with inflation continuing to cool, economists are making predictions about when the central bank will begin cutting. The Fed is schedul...
The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. The unemployment rate stood at4.2% in August 2024 with 7.1 million Americans without work, little changed from recent months. But the jobs picture had darkened notably from a year ...
The decision, if it happens, will likely please President Trump, who has repeatedly called for Fed Chairman Jerome Powell to cut interest rates.
The Fed’s new median rate projection for 2025 signals just two interest rate cuts. After the Federal Reserve’s latest interest rate decision, you may be tempted to try and start connecting some dots. That’s because U.S. central bankers updated their closely scrutinized “Summary of Econom...
WASHINGTON — The Federal Reserve is set to make its latest announcement on interest rates Wednesday, with new inflation data potentially influencing the decision. Wednesday's Consumer Price Index Report showed core inflation, which factors out food and fuel prices, rose by 0.2 % in May -- a ...
All eyes on Wall Street were watching the Federal Reserve today as the central bank wrapped up its Federal Open Market Committee (FOMC) meetings for the month. So what did the Federal Reserve do today? And what was the Fed interest rate decision for March 2022?
The Federal Reserve on Wednesday indicated it could soon will raise interest rates for the first time in more than three years.
The Federal Reserve cut interest rates for the third consecutive meeting, bringing the federal funds rate down to 4.25-4.5%, a level last seen in late 2022 and early 2023. The Fed’s monetary policy has shifted significantly over the years, from combating high inflation in the 1980s to deal...
When announcing its decision to raise rates, the Federal Reserve also reiterated its goal to achieve a long-term inflation average of 2%, which is significantly lower than the7.9% annual inflation ratereported in February. The central bank also said that it "anticipates that ongoing increases in...