Fed slashes rates but signals slower pace of cuts in 2025 — Dow plunges more than 1,100 points
The Federal Reserve slashed interest rates as expected Wednesday, but signaled fewer cuts than originally forecast for 2025 — sending the Dow spiraling more than 1,100 points. The Fed cut rates by 25 basis points to the 4.
ABC News7d
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions ...
Federal Reserve made a 3rd consecutive rate cut today. Here's how it will impact your money.
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.
US consumer prices post largest gain in seven months; cost of rent subsides
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week against the backdrop of a cooling labor market and rental costs.
All 13 of Biden’s presidential vetoes
President Joe Biden waited two years into his term in office to issue his first presidential veto, but he's primed to conclude his term with 13.
The Washington Post13d
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
WASHINGTON — Wholesale costs in the United States picked up sharply last ... the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price ...
Los Angeles Times9d
Employers and workers alike are wary of what the second Trump term will mean for labor
Trump has picked Lori Chavez-DeRemer, a pro-union Republican, to lead the Labor Department ... states like California that have implemented stronger protections than those offered at the federal ...
Hopes of a US interest rate cut on inflation data helps Nasdaq soar
US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. View on euronews
FXEmpire.com11d
United States Initial Jobless Claims
easing concerns of weaker labor conditions following last week’s unexpected surge. The result was in line with the Federal Reserve’s recent projections that few interest rate cuts would be ...
Dollar edges higher as Fed rates view sets direction
The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S. Federal Reserve compared with other global central banks continued to command market direction.
US Fed floats major changes to bank stress tests in light of legal rulings
The U.S. Federal Reserve said on Monday it was considering major changes to its annual bank "stress tests" in light of recent legal developments, including allowing lenders to provide comment on the models it uses,
SF Fed’s Daly Says December Rate Cut Was Justified
A quarter-point cut this month was the right move to avoid an overly hawkish stance that would threaten a serious economic slowdown, according to San Francisco Fed President Mary Daly.