News

Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands
The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...
Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards
Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing ...
Wall Street slips amid doubts on Fed rate cuts
Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy ...
The Fed Held Rates Steady. The Central Bank’s Next Move Looks Murky.
Chair Jerome Powell’s refusal to signal imminent cuts sent markets tumbling—and cast serious doubt on whether policymakers ...
Markets Eye Boost From Expected Fed Rate Cuts Despite Potential Risks
The US unemployment rate is projected to hover near historically low levels at 4.24% this year, according to S&P Global ...
Fed leaves rates steady despite Trump pressure, gives no hint of September cut
The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell's comments after the ...
Bessent Not Expecting a Fed Rate Cut Today, Urges ‘Imagination’
Treasury Secretary Scott Bessent said he’s not expecting the Federal Reserve to cut interest rates Wednesday, while calling ...
Fed meeting looms as Trump celebrates 3% GDP growth, pushes for rate cuts
President Donald Trump celebrated 3% GDP growth in Q2 and demanded the Fed rate cuts as the central bank is set to reveal its ...
Asian shares are mixed after US stocks fall on weakened hopes for a September interest rate cut
Asian shares are mixed after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will ...
Fed holds interest rates steady, Chair Powell says Fed independence 'very important'
The central bank has defied Trump’s public criticism for months. The Fed has held interest rates steady for seven consecutive ...
The Fed may cut rates later this year. Here’s how to get the most from your cash savings now
Despite unprecedented public needling from President Donald Trump to lower interest rates, the Federal Reserve board stood ...