Biden blasts Trump’s calls for reducing Fed’s independence, warning of potential for ‘enormous damage’ to economy
In a speech Thursday following the Federal Reserve’s interest-rate cut, President Joe Biden talked up the importance of the U ...
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The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
The Fed's decision to lower interest rates by a half-point comes in response to labor-market weakness. But the aggressive cut ...
Stocks jump following larger-than-expected Fed rate cut — but labor market concerns linger
Stocks surged to open Thursday trading in the wake of the Federal Reserve’s announcement that it was lowering interest rates ...
CNN reporter lectures boat-owning Trump supporter he shouldn't be complaining about economy
CNN reporter Elle Reeve clashed with a Trump supporter in Florida at a parade over whether he should be concerned about inflation because he owns a boat.
Social Security Update: Map Shows States Expected to Get Lowest Increases
Location can also play a role because certain states tend to have higher incomes and subsequently higher Social Security payments.
Why rate cuts could actually slow the economy instead of sparking growth
Top strategist David Kelly warns of the hidden dangers of a jumbo-sized rate cut after the Fed's recent decision.
The Fed just made a jumbo rate cut. Here are 5 takeaways on what it means for mortgages and more.
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Yellen on soft-landing prediction: ‘I believe that’s exactly what we’re seeing in the economy’
Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is making the “soft landing” that she ...
Mortgage rates creep closer to 6% — the lowest level since early 2023
The latest pullback in rates should help spur demand for refinancing and home purchase loans, said Sam Khater, Freddie Mac’s ...
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, ...
The Cutting Edge
The Federal Reserve on Wednesday cut its short-term interest rate for the first time in four years—a sign that the central ...
What does the interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...