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...
After a challenging first part of the week, the U.S. stocks bounced back on Friday. The rally came in the aftermath of new inflation data that indicated a slowdown of price increases for the past month.
The benchmark S&P 500 gained 1.09% or 63.77 points...
Gold prices rebounded on Friday after inflation came in hotter than expected. Bullion rose 0.7% to $2,647.25 per ounce, while spot gold increased by 0.4% to $2,639.00.
While the Federal Reserve cut its interest rate by 50 basis points at its latest policy meeting, US...
