The Federal Reserve cut interest rates for a third time this year, but officials were divided over their next move. Jerome Powell, the central bank’s chair, said “we haven’t made any decision about ...

Markets now see a December rate cut as more likely than a pause, reflecting how quickly expectations can shift. If the Fed cuts rates in mid-December, it will push today’s savings and CD yields lower.

WASHINGTON ‒ With consumers focused on affordability heading into the holiday season, Federal Reserve Chair Jerome Powell said he hears Americans’ concerns over high costs “loud and clear.” Still, it ...

Just a few weeks ago, a December interest rate cut was viewed as practically a done deal by many economists. Now, with fresh government data showing solid U.S. job growth in September, many ...

The Fed cut rates at its last meeting of the year The Federal Reserve cut rates by a quarter-point Wednesday afternoon in alignment with expectations. Business Insider is covering developments live ...

The Federal Reserve concluded its last meeting of the year with a widely anticipated 25 basis point cut to the federal funds rate (FFR), bringing it to a range of 3.50-3.75%. Inflation has proven ...

The dollar index (DXY00) rose by +0.13% on Friday as it recovered from Thursday’s 2-week low. The dollar moved higher on Friday, following hawkish comments from Kansas City Fed President Jeff Schmid ...

Learn the significance of a Fed pivot, when the Federal Reserve shifts its monetary policy, and how these changes affect the ...