Nov 07 Watch 7:16 Fed cuts interest rates amid questions over independence during next Trump administration By Geoff Bennett The Federal Reserve cut its prime lending rate again, this time by a quarter point. The economy, higher costs of living and high housing prices directly affected by these rates are a big reason Donald Trump won the election. The… Continue watching
Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting By Christopher Rugaber, Associated Press The Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. Continue reading
Nov 01 U.S. employers added only 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls By Paul Wiseman, Associated Press America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. Continue reading
Sep 27 Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts By Christopher Rugaber, Associated Press The cooling of inflation might be helping to erode former President Donald Trump’s polling advantage on the economy. Continue reading
Sep 19 Wall Street soars to record highs in a global market rally after Fed's interest rate cut By Stan Choe, Associated Press The S&P 500 jumped 1.7 percent for one of its best days of the year and topped its last all-time high set in July. The Dow Jones Industrial Average leaped 522 points, or 1.3 percent, to beat its own record set… Continue reading
Sep 19 WATCH: Biden lauds Fed's rate cut in speech at Economic Club of Washington, D.C. By Colleen Long, Chris Megerian, Associated Press Biden said Thursday the Federal Reserve's decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived. Continue reading
Sep 18 Watch 5:52 What the first interest rate cut in 4 years means for the Fed's fight against inflation By Amna Nawaz, Azhar Merchant The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower interest rates by a full… Continue watching
Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut By Christopher Rugaber, Associated Press The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Continue reading
Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut By Christopher S. Rugaber, Associated Press For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago. Continue reading
Sep 06 Watch 6:35 Chicago Fed president expects multiple interest rate cuts amid economic 'overcooling' By Geoff Bennett, Murrey Jacobson, Karina Cuevas The latest jobs report paints a mixed picture of the overall economy. The U.S. added 142,000 new jobs last month and the unemployment rate dipped slightly to 4.2 percent. The report was better than July, but with revisions, it shows… Continue watching