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 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 06 U.S. hiring bounced back in November as employers added 227,000 jobs By Paul Wiseman, Associated Press The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the economy was rebounding from the pandemic recession. 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
Dec 04 Fed’s independence from politics is vital to interest rate decisions, Powell says By Christopher Rugaber, Associated Press Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome. Continue reading
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump’s second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching
Nov 21 Federal Reserve’s likely rate cut slowdown could disappoint borrowers By Christopher Rugaber, Associated Press Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. Continue reading
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