Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
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The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The Treasury Department paid a record $213 billion in interest payments on the national debt in the fourth quarter of last year.
A new economic report could pressure the Federal Reserve to raise interest rates again.
The U.S. Census Bureau said retail sales surged 3% in January. That surpasses the 1.8% economists had estimated, and it follows a slight decline in December.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Stacy Smith and his panel of financial experts go 'Around The Table' discussing an anticipated interest rate hike.
Stacy Smith and his panel of financial experts go 'Around The Table' discussing an anticipated interest rate hike.
Stacy Smith and his panel of financial experts go 'Around The Table' discussing an anticipated interest rate hike.
Stacy Smith and his panel of financial experts go 'Around The Table' discussing an anticipated interest rate hike.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
