The Federal Reserve on Thursday made itssecond rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to it...
With inflation falling, the Federal Reserve is cutting its benchmark rate by a quarter of a percentage point, but it's not clear where interest rates go from here. CBS News New York's Jennifer Bisram reports.
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 Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
ABC News business reporter Alexis Christoforous breaks down the Federal Reserve’s decision on interest rates, and what it means for you and your wallet. May 2, 2024 Additional Live Streams Live ABC News Live Live Former President Carter lies in repose at the Carter Center in Atlanta Live Maj...
The decision, if it happens, will likely please President Trump, who has repeatedly called for Fed Chairman Jerome Powell to cut interest rates.
Schwab, David
NEW YORK, New York - U.S. investors fretted Tuesday while the U.S. central bank deliberated on whether to hike interest rates another time. The decision will not be known until the Federal Reserve's regular two-day monthly meeting wraps up on Wednesday. ...
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...
The Federal Reserve is expected to increase short-term interest rates rate to a range of 5.25% to 5.5% after its policy meeting today. The range is now 5% to 5.25%. This decision comes as a response to a strong labor market and continuous high inflation. The officials from the Fed...