Why credit card rates remain high, even after interest rate cuts
Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week.
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Jerome Powell Really Doesn't Want to Talk Fiscal Policy
Federal Reserve Chair Jerome Powell still would rather not talk about such potential Donald Trump priorities as central bank ...
American Banker1h
Powell: Fed is in no hurry to lower interest rates
The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
The Oakland Press3h
Top Federal Reserve official defends central bank’s independence in wake of Trump win
Andriana Kugler, a member of the Fed’s board, says economic research shows that an independent central bank typically does a ...
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut ...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming ...
US Fed rate cut | First inflation uptick in seven months does little for Powell-led FOMC's plans for Dec; here's why
US CPI inflation matched expectations for an uptick to 2.6% in October, while core inflation held steady at 3.3%. Core ...
New York Post8h
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Thursday’s report from the Labor Department showed that its producer ... notably healthcare and financial services, flow into ...
Hosted on MSN9h
US inflation ticks up to 2.6% – What’s the Federal Reserve to do now?
Inflation in the United States just hit 2.6% in October, giving the Federal Reserve plenty to chew on before its next – and ...
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to ...