Fed Minutes Should Give More Clues About Rate Cut Timing
As such, the central bank has kept its key short-term interest rate at a target range of 4.25% to 4.5% since December. The FOMC lowered rates by a half of a percentage point in September-its first cut ...
Fed official: Need ‘dust to clear’ before deciding next moves
Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job market and when rate cuts could resume ...
The NYSE just made ‘Y’all Street' more crowded in Dallas. But here’s how Texas can benefit
The Texas Stock Exchange made waves when it debuted in June 2024 with $120 million in backing from financial giants like ...
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest ...
Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong ...
Inflation rises unexpectedly, complicating picture for the Fed
U.S. inflation rose to 3% in January, driven by increased consumer prices in sectors like groceries and gasoline. Core CPI ...
US inflation got worse with rising prices on groceries and gasoline
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up ...
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What Does Having the Consumer Financial Protection Bureau on Hold Mean for Consumers?
Critics complain the independent agency, funded by the Federal Reserve System, lacks sufficient supervision and regularly ...
Inflation soars in January, hampering plans for rate cuts
Grocery prices were up by 0.5% compared to December, with a nationwide outbreak of bird flu being the likely culprit. The ...
Fed Needs Clarity on New Policies Before Rate Cuts, Bostic Say
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank must gain more insight on proposed policy ...