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Wall Street remains cautiously optimistic as the Trump administration intensifies efforts to strike favorable trade deals.
Fed officials opted Wednesday to hold interest rates steady as President Donald Trump’s tariffs unsettle the US economy.
The Federal Reserve held interest rates steady at 4.25% to 4.50% for the third time this year.
The central bank stuck to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation ...
The Federal Reserve held interest rates steady on Wednesday, just weeks after President Donald Trump intensified calls for ...
The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high.
The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, citing rising economic uncertainty.
From credit cards and mortgage rates to auto loans and savings accounts, all sorts of consumer borrowing costs are impacted ...
The decision to hold rates steady on Wednesday came after a public campaign by President Trump in recent weeks to urge the Fed and Powell to cut rates as his administration rolls out a series of ...
In a statement announcing its decision to hold rates, the Fed suggested that tariffs might have distorted its view of economic data. Though economic activity appeared to expand at a “solid pace ...
Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve was expected to stick to its wait-and-see approach.
Investors had widely expected the Fed to hold rates steady. Fed Chair Powell in remarks said the central bank does not need to be in a hurry to adjust its monetary policy. “We think right now ...