What the Fed’s first rate cut of the year means for your wallet
Fed's first rate cut of the year could save credit card users $1.92 billion in interest annually while possibly reducing returns on savings accounts and certificates of deposit.
What is the Fed's outlook for interest rate cuts, inflation and jobs for the remainder of the year?
Federal Reserve policymakers projected inflation will rise to 3% in 2025 while unemployment will reach 4.5% as the central bank begins cutting rates after holding them steady all year.
Powell declines to weigh in on Lisa Cook’s high-stakes court fight with Trump
Federal Reserve Chair Jerome Powell declined to address the ongoing legal dispute between Fed Governor Lisa Cook and President Donald Trump.
Experts warn Federal Reserve has 'frozen up' the American dream with 'incompetence'
Experts and politicians debate what the Federal Reserve should do to unfreeze the housing market and help buyers and sellers save more money and their spending power.
Fed cuts interest rates for first time this year amid weakening labor market
The Federal Reserve cut interest rates for the first time in 2025, with the 25-basis-point reduction coming amid signs of a slowdown in the jobs market despite elevated inflation.
Senate Banking Chairman says 50 basis point rate cut is a possibility, backs Trump’s new Fed Governor
Senator Tim Scott, chairman of the powerful Senate Banking Committee, said a half point rate cut is possible today.
Fed expected to cut rates for first time in 2025 amid Trump pressure
Fed policymakers expected to cut benchmark interest rate by 25 basis points amid labor market weakness and inflation rising further above the central bank's 2% target.
Senate confirms Stephen Miran to Fed board ahead of crucial rate cut meeting
The Senate confirmed President Donald Trump's pick, Stephen Miran, a top White House economist, to join the Federal Reserve Board of Governors.
Inflation remained stubbornly high in August as Fed weighs rate cuts
The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.
'This ruling is not the final word:' Trump appeals order blocking him from firing Fed governor Cook
Trump has challenged a court ruling protecting Lisa Cook's Fed position as the Justice Department opens a criminal probe into mortgage application fraud.
Judge rules on fate of Lisa Cook, Fed governor in Trump's crosshairs
A federal judge on Tuesday blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, allowing her to continue in her current role for the time being.
Billionaire GOP megadonor Ken Griffin warns Trump's Federal Reserve strategy 'carries steep costs'
Despite increasing criticism of President Trump's attacks on the Fed and Jerome Powell, the White House says it's an "objective fact" that rates need to be cut for more economic growth.
White House slams 911K jobs revision, the largest on record, demands Fed rate cut
Trump officials called the Bureau of Labor Statistics "broken" after the largest downward jobs revision on record and demanded Federal Reserve rate cuts.
Senate banking committee to vote on Stephen Miran's Fed nomination Wednesday
The Senate Banking Committee votes Wednesday on Stephen Miran's nomination to the Federal Reserve Board of Governors, with full Senate consideration next.
Americans hit record low confidence in finding new jobs since tracking began in 2013
Data from the New York Federal Reserve showed Americans' confidence in finding new jobs hit a record low of 44.9% in August, the lowest since tracking began in 2013.
Homeowners’ wealth may be shrinking as price gains lag inflation
Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.
Hassett says he supports Federal Reserve independence amid Trump admin's rate cut push
National Economic Council Director Kevin Hassett says Federal Reserve monetary policy should remain independent from political influence, including from President Donald Trump.
The Federal Reserve quietly shapes the Powerball's $1.7B jackpot
The $1.79 billion Powerball jackpot won in Missouri and Texas reflects how Federal Reserve interest rates boost lottery annuity payouts compared to lump-sum options.
Trump's pick for the Fed board could join in time for key rate cut vote
Stephen Miran, Trump's Federal Reserve Board nominee, could be confirmed in time for the mid-September rate-setting meeting after testifying before the Senate Banking Committee.
If you bought a gold bar at Costco last year, here is what it's worth now
Gold hit a record $3,578 per ounce before declining Thursday, driven by weak jobs data and investor concerns about tariffs and Federal Reserve policy changes.