interest

Chip Somodevilla/Getty Images (WASHINGTON) –The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its second interest rate cut this year in an effort to jumpstart the flagging labor market. The widely expected move delivers a lowering of interest rates sought by President Donald Trump, though the […]

Kevin Dietsch/Getty Images (NEW YORK) — The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its first interest rate cut this year in an effort to revive the flagging labor market. The central bank delivered a policy long-sought by President Donald Trump, though the size of […]

Kevin Dietsch/Getty Images (NEW YORK) — The Federal Reserve on Wednesday is set to unveil its latest decision on the level of interest rates, hoping to guide the economy through a topsy-turvy stretch of slow hiring and rising inflation. The high-stakes announcement marks a flashpoint in the monthslong pressure campaign directed at the Fed by […]

Javier Ghersi/Getty Images (NEW YORK) — At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserve that might send economic output even higher. Since then, however, the sunny outlook has darkened. Inflation […]

Tetra Images/Getty Images (NEW YORK) — For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans. At a press conference this week, however, Fed Chair Jerome Powell cast doubt on whether those rate cuts would arrive after all, saying the […]