Mar 08 WATCH: Fed Chair Powell says interest rates on hold amid broad economic uncertainty By Christopher Rugaber, Associated Press The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York. Continue reading
Feb 27 U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier By Paul Wiseman, Associated Press The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. Continue reading
Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Jan 10 U.S. added 256,000 jobs in December as unemployment rate dipped By Paul Wiseman, Associated Press U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy's resilience in the face of high interest rates. Continue reading
Dec 31 Analysis: How will inflation, interest rates and the U.S. consumer fare in 2025? By D. Brian Blank, Brandy Hadley, The Conversation Two finance scholars share key questions and risks they’re watching as we ring in the new year. Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 Stocks fall sharply after Federal Reserve signals fewer rate cuts than expected for 2025 By Stan Choe, Associated Press Fed officials released projections on Wednesday showing the median expectation among them is for two more cuts to the federal funds rate in 2025, or half a percentage point’s worth. That’s down from the four cuts expected just three months… Continue reading
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading
Dec 16 Fed’s rate cuts likely to slow with inflation pressures still elevated By Christopher Rugaber, Associated Press Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching