President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Economists expect the Federal Reserve to keep interest rates unchanged as its Open Market Committee is set to conclude its meeting on Wednesday afternoon.
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December.
A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
The U.S. stock market’s so-called fear gauge was rising Wednesday as investors await the outcome of the Federal Reserve’s policy meeting. The CBOE Volatility Index, which trades under the ticker VIX,
Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday's DeepSeek Dive.
The Federal Reserve is expected to pause rate cuts at its January 29 meeting, maintaining rates between 4.25% and 4.5%.