This is due to more cautious interest-rate cuts by the Federal Reserve than previously projected to incorporate higher inflation and the impact of a larger budget deficit, he noted. "Larger deficits ...

If inflation resurfaces because of the incoming administration’s policies, the Fed’s likely to stay its hand in lowering ...

Powell pointedly sidestepped a question about how his picture of a “strong” economy contrasted so markedly with the lived ...

This is the second rate cut in the past three months. The interest rate now ranges from 4.5% to 4.75%. Meanwhile, mortgage ...

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on ...

Donald Trump is expected to draw top advisers and cabinet secretaries from a pool of Wall Street and business executives ...

Far from soothing anxieties about mounting sovereign debt, the world's biggest economies appear to be doubling down - almost goading bond investors into ratcheting up the cost of the borrowing even as ...

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...

Following the 2024 presidential election results, President Biden has invited President-elect Donald Trump to discuss the ...

By the end of 2024, interest rates will fall another half of a percentage point from their current level of between 4.75% and 5%, according to FOMC projections.

The Federal Reserve cut interest rates Thursday after its two-day meeting. Chair Jerome Powell held a news conference ...