The Federal Reserve slashed interest rates as expected Wednesday, but signaled fewer cuts than originally forecast for 2025 — sending the Dow spiraling more than 1,100 points. The Fed cut rates by 25 basis points to the 4.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions ...

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week against the backdrop of a cooling labor market and rental costs.

The US government's inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month, as per a Reuters report. A Labor Department report showed the Consumer Price Index (CPI) rose 0.

Economists generally agree that broad tariffs on trade partners would lead to higher prices, with the burden falling on US businesses and consumers. This price increase could drive inflation higher, potentially disrupting the Fed's interest rate cuts and causing volatility in financial markets, thereby increasing economic uncertainty.

The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.

Innovation and technology have revolutionized forest monitoring, enabling countries to track and report on their forests more effectively. A total of 13.7 billion tons of carbon dioxide forest ...

The card earns bonus points for travel and dining-related spending, which can be redeemed for more value through Chase. It piles on the perks, too, but they come at a price. With a big sign-up ...

Jason Derulo's ex-girlfriend Jena Frumes put her bikini body on display as she enjoyed a beach day with her family in Miami Beach. The beauty, 31, sent temperatures soaring in a skimpy red two ...

U.S. Enters a New Political Era, Defined by Donald Trump The presidential race in 2012 ended a pattern in U.S. politics, which has since become characterized by Mr. Trump’s populism, a Times ...

RBI Confirms Banks across several states will remain closed on 17 April 2024 to observe Ram Navami, as per the holiday list provided by the Reserve Bank of India. Ram Navami is a Hindu festival that celebrates the birth of Lord Rama. Significant ceremonies ...