The Federal Reserve cut interest rates by 0.25% on December 18, but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29.
The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.
Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished yet. Inflation is now well ...
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.
Most stock markets in the Gulf ended higher on Monday, in step with global equities, after cooler-than-expected U.S. inflation data revived hopes of further policy easing by the Federal Reserve.
Inflation just hit a five-month high in November and asset prices are smashing records. The Federal Reserve has been communicating its ambition to stamp out inflation for over two years and yet it’s about to cut interest rates as prices continue to move in the wrong direction.
Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
Back in 2022, when the labor market was so hot that Beyoncé even released a song about it, Americans were job hopping in large numbers, boosting their salary in the process.
Asian shares rallied on Monday after a benign reading on U.S. inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown.