Federal Reserve officials split on interest-rate cut ahead of December meeting

But Fed Chair Jerome Powell knocked back expectations of a December interest rate cut in a press conference following the Oct ...

The Fed is divided over cutting interest rates. Here's why that matters

If the Fed holds interest rates steady as a means of protecting against tariff-induced inflation, it risks a deeper slowdown ...

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales.

Here's Why Dec. 10 Could Be a Big Day for the Stock Market

Wednesday, Dec. 10, could turn out to be a very big day for the stock market and equity investors. That's the day the Federal ...

Fed's Collins: Monetary policy currently in right place, hesitant about cutting rates

Federal Reserve Bank of Boston President Susan Collins said Saturday that she’s still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to ...

A Fed rate cut next month seemed doubtful. Here's why it's now likely to happen.

Stepping back, the Fed is facing an impossible challenge, Harris said. They are dealing with stagflationary dynamics - higher inflation and higher job losses at the same time - which do not have an ...

Jobs report blows past expectations, defying hiring slowdown

A long-awaited jobs report to be released on Thursday will offer the latest look at the health of the labor market at a ...
American Banker

Fed traded fast merger for 2023 private equity rescue

The Federal Reserve played a behind-the-scenes role in facilitating the sale of PacWest Bancorp, providing an enticement to ...

U.S. ups pressure on ex-Canadian Olympian-turned-accused drug kingpin

The United States on Wednesday intensified its manhunt for a former Canadian Olympian who U.S. law enforcement accuses of ...

Many Fed policymakers at last meeting were opposed to December rate cut

The FOMC voted 10-2 at last month's meeting to cut the central bank's benchmark interest rate by a quarter of a percentage ...

December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show

The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials ...

Fed minutes: Most officials supported more rate cuts but not necessarily in December

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all ...