Federal Reserve

Business News

The Fed Kept Rates Unchanged, But an Industry Veteran Says 'Mortgage Rates Will Drop.' Here's Why.

Federal Reserve Chair Jerome Powell said the Fed was taking a "wait and see" approach.

Business News

The Fed's Decision to Keep Rates Steady Is 'Unsurprising,' According to a JPMorgan Expert. Here's Why.

Federal Reserve Chair Jerome Powell said that the Fed wasn't in any rush to make rate adjustments.

Business News

'No One Is Paying What They Used to': Job Hopping Isn't As Lucrative As It Used to Be, According to New Data

The data shows that switching jobs yields only slightly more salary growth than staying put.

Business News

Inflation Unexpectedly Rose in January. Here's What That Means for Rate Cuts.

The U.S. Bureau of Labor Statistics released its January Consumer Price Index on Wednesday.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Business News

'Confidence and Commitment' or 'Old Demons?' Experts Are Divided Over the Fed's Decision to Cut Interest Rates

EY's chief economist and JP Morgan Wealth Management's head of investment strategy weighed in on the decision.

Business News

A Fed Rate Cut Finally Happened For the First Time in 4 Years. Here's How the Decision Will Affect Your Wallet.

The Federal Reserve gave its decision on Wednesday at 2 p.m. ET.

Business News

The August Jobs Report Didn't Live Up to Expectations — Here's What It Means For Interest Rates

Economists expected U.S. employers to add about 20,000 more jobs in August than reported.

Business News

U.S. Recession Fears Are 'Overstated,' According to EY's Chief Economist. Here's Why.

EY economists expect three rate cuts, each of at least 25 basis points (bps) or 0.25%, in September, November, and December, during the three remaining scheduled meetings of the year.

Business News

CPI Report: Inflation Hits 3-Year Low, Analysts Predict Fed Will Cut Rates Next Month

Wednesday's CPI report tracks inflation to its lowest point since early 2021.

Business News

Elon Musk Calls the Fed 'Foolish,' Says Agency 'Needs' to Lower Interest Rates

On Monday, the U.S. stock market plummeted after a global selloff and fears of a recession.