Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.”
Fed policy decisions directly impact your wallet, including the interest rates on your credit cards. We’ll tell you how.
The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.
The Federal Reserve holds firm on interest rates after their latest meeting. The decision was expected as progress is bumpy and the labor market gains a little steam. Patrick Rehkamp, a senior financial writer from 1834,
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
In a week when AI chipmaker Nvidia suffered the biggest one-day loss of value on record and the Federal Reserve said it was in no hurry to cut rates again, a few gauges underscore markets' vulnerability to big swings.
Storm, a co-founder of Tornado Cash, faces money laundering and sanctions violation charges in the U.S. government’s latest crackdown on crypto privacy tools.
This also comes after the US Federal Reserve (Fed) kept interest rates unchanged at 4.25-4.5 per cent on Wednesday.
The U.S. Treasury on Thursday said it was withdrawing from the network of central banks and regulators focused on curbing climate change.
GDP growth for Q4 2024 was 2.3%, below the 2.7% consensus estimate and our forecast range of 2.75% (+/-25 bps). Read more on the economic indicators here.