Fed holds interest rates steady even as inflation remains high

The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.

• Updated 2m ago

Fed unlikely to cut interest rates until 2027, Bank of America says

A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.

• May 8

Trump nominates Kevin Warsh as next Federal Reserve Board chair

President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.

• Jan 30

Powell says the Fed was served DOJ subpoenas over building renovations

The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.

• Jan 12

Hiring surged in June, shrugging off economic worries

Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.

• Jul 3, 2025

Consumers saying "enough's enough" is helping to tame inflation

The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.

• Aug 12, 2024

Rents are cooling off, bolstering Fed's case for cutting rates

After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.

• Jul 26, 2024