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The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say the reasons behind the reductions are ...
At least three Federal Reserve policymakers spoke out this week in favor of holding interest rates steady for the time being, in contrast to two who said they were open to the idea of cutting the fed ...
The rate cut is about repairing the Fed’s damaged credibility. “Going big” with 50 basis points is a psychological gambit, to convey decisiveness and self-confidence.
President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but ...
A second Federal Reserve official has indicated that the central bank should begin cutting rates as soon as next month — the ...
The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers forecasting additional cuts amid progress in slowing inflation.
When the Fed concludes its policy meeting on Thursday, most economists expect the Fed to trim its short-term benchmark fed funds rate by a quarter percentage point to between 4.50% to 4.75%.
Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to ...
Fed policymakers at their July meeting opted to hold the federal funds rate at 5.25% to 5.50% and indicated that inflation is nearing a level where they would be comfortable cutting rates.
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.
The average credit card rate now is 20.5% — down just a tiny bit from the 20.78% average on the morning of Sept. 18, before the Fed announced its first rate cut that afternoon, according to ...