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
Oct 30 U.S. economy grew at a solid 2.8 percent pace last quarter with consumers driving growth By Paul Wiseman, Associated Press The gross domestic product — the economy’s total output of goods and services — did slow slightly from its 3% growth rate in the April-June quarter. 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 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