Tag: Federal reserve
US Inflation Holds at 2.7% as Fed Faces Rising Policy Pressures
ABC News reports that U.S. inflation remained stable in December. Data from the Bureau of Labor Statistics...
‘Surprising that it’s taken this long’: Analyst on Fed’s First Rate Cut in 2025
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (Sept. 17) and...
Fed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited...
US Likely Added 818,000 Fewer Jobs Last Year Than Reported
On Aug. 21, the U.S. Labor Department said that the number of jobs the American economy added in the...
Federal Reserve Somewhat Confident Inflation Is Returning to Normal Levels, Interest Rate Cut May Be
According to recent comments by Federal Reserve chair Jerome Powell, key U.S. inflation readings measured...
US Small Business Confidence Increased to Six-Month High in June
U.S. small-business confidence increased to a six-month high in June, but inflation worries remained...
High Inflation, Living Costs Continue to Impact Americans Despite Better Economic Figures
As the 2024 U.S. presidential election draws closer, America’s economic performance since 2021 amidst...
Little Relief in Sight After Fed Decides to Hold Interest Rates Steady
On Nov. 1 (Wednesday), the U.S. Federal Reserve announced it would be holding rates steady at 5.25 to...
As US Economy Stagnates, 30-year Mortgage Rate Soars
According to S&P Global’s U.S. Composite PMI Index which was released on August 23 and tracks manufacturing...
Fed Pauses Rate Hikes After 15 Months, But Chairman Says Job Not Finished
The central bank of the United States, the Federal Reserve, has paused increases to its key interest...
Meet America’s Precursor to CBDCs Launching in July: The FedNow Service
America’s central bank, the Federal Reserve, is less than four months away from launching the prelude...
US Consumer Spending Struggles Up After Two Years
U.S. consumer spending increased by the most in nearly two years in January following an uptick in wage...