Stopping on the north shore we braved the wind again to search for a northern shrike that has been spotted wintering there ...

Following a series of interest rate hikes between March 2022 and July 2023, which were intended to help reverse rising inflation, the Fed held its benchmark rate steady for over a year.

The Federal Reserve concluded its final policy meeting of 2024 with a closely watched decision on interest rates. Kicking off on December 17, the two-day meeting culminated in a December 18 press ...

That has created a dilemma for Fed officials, with some concerned inflation could heat up again if more cuts happen, while others worry putting rate cuts on hold could further weaken the labor market.

It had projected four cuts just three months ago. Traders watch Fed chairman Jerome Powell’s press conference in Washington. Bloomberg Shares tumbled as traders who had been counting on lower ...

Copyright 2024 The Associated Press. All Rights Reserved. The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year ...

Wall Street is calling this a “hawkish cut” because the Fed’s potentates rolled back their expectations about future rate cuts. But the real way to think about Wednesday’s monetary news is ...

The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.

Gold falls sharply, impacted by Fed's less dovish outlook. Fed Chair Powell stresses prudent policy amid ongoing upside inflation risks. Fed sees 2% inflation target return in 1-2 years ...

The S&P 500 and Nasdaq have traded at or near record highs in recent days, partly in anticipation of a rate cut by the Fed. But the Dow has had a long December. Wednesday marked the 10 th ...

Fed Chair Jerome Powell said the latest rate cut was “a closer call,” adding that recent inflation readings were “the single biggest factor” on officials’ minds during the meeting.

And they are intact when interest rates are on the decline," Jones added. And, despite the Fed delivering another 25 basis point rate cut today, the overall messaging from the central bank was a ...