News

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, ...
Tracking Trump: Labor statistics chief fired; a Federal Reserve governor resigns; Trump deploys nuclear subs; and more
Trump fired the labor statistics chief after a negative jobs report. What happened: President Donald Trump announced he had ...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
The Federal Reserve left its key short-term interest rate unchanged, brushing off repeated calls from President Donald Trump ...
Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure
The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of ...
Trump fires labor data commissioner after claiming jobs report was 'rigged'
President Donald Trump is firing the head of the federal agency in charge of tracking hiring data after a weaker-than-expected jobs report on Friday, claiming, without evidence, that new figures were ...
Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut
The Federal Reserve kept interest rates unchanged at between 4.25% and 4.5% following the most recent Federal Open Market ...
Federal Reserve decision looms in 30 minutes, markets on edge
The central bank’s Federal Open Market Committee (FOMC) has held interest rates steady at 4.25% to 4.5% since December 2024, ...
Trump tariffs generate $100 billion, but effect on economy is up for debate
Experts at Bankrate have warned that the cost of President Donald Trump’s tariffs could ultimately be passed on to American ...