The Federal Reserve will wait to see the impact of recent sweeping tariffs on the U.S. economy before considering making policy adjustments, according to Fed Chair Jerome Powell.
Speaking in front of the Economic Club of Chicago, Powell said that the Fed is well-positioned to...
The Federal Reserve announced it will keep its benchmark interest rates intact after a Federal Open Market Committee meeting on Wednesday. However, the officials maintained their previous prediction of at least two cuts in 2025.
The Fed’s benchmark borrowing rate is currently set at 4.25%...
The Federal Reserve announced on Wednesday that it will keep its interest rates intact. The decision comes after the Fed made three consecutive rate cuts towards the end of 2024 and brought its benchmark rate in the range of 4.25% to 4.5%.
The Federal Open...
The Consumer Price Index (CPI) rose slightly above expectations in December, but showed an encouraging trend in underlying inflation.
The CPI increased by 0.4% on a seasonally adjusted basis in the last month of 2024 compared to a 0.3% jump in November while putting the...
After aggressively cutting interest rates in the second half of 2024, the U.S. Federal Reserve is expected to take a measured and patient approach in 2025. Federal Reserve Bank of Boston President Susan Collins is one of the officials supporting this course.
In a recent...
The Federal Reserve slashed its interest rates by a further 25 basis points during a meeting on Wednesday. However, the central bank also hinted that further rate cuts will come at a slower pace in 2025.
This was the Fed’s third consecutive rate cut in...
