It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
Read MoreFederal Reserve Chairman Powell
Federal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
Read More
Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
Read MoreLabor Department Reports CPI Declined Slightly in July
The annual inflation rate has not been below 3 percent since March 2021, economists look to Federal Reserve’s next interest rate meeting. President Biden’s administration recently released two…
Read More
Federal Reserve Expects to Cut Rates in New Year
Central bank officials kept the current rate steady in the final meeting of 2023. The Federal Reserve concluded its final quarterly meeting this month, holding interest rates steady…
Read More
Federal Reserve Keeps Interest Rate Unchanged
They leave the door open for future rate hikes. The Federal Reserve determined to keep its benchmark interest rate at about 5.4 percent this past week, the highest…
Read MoreSenator Sends Letter to Federal Reserve Chair
Requests the central bank move quicker in reducing assets. Senator Rick Scott of Florida wrote another letter to Federal Reserve Chair Jerome Powell on Wednesday, asking why their…
Read MoreFederal Reserve Chair Says Inflation Still Too High
The trend has slowed, but not enough. The Federal Reserve Chairman Jerome Powell said in comments to the Economic Club of New York that inflation remains too high…
Read MoreFederal Reserve Reports Top 1% of Americans Becoming Richer
Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…
Read MoreFederal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
Read More