After their meeting Wednesday, Fed officials held interest rates steady in a range of 4.25% to 4.5%. In December, officials had penciled in two quarter-point cuts for 2025. Also read: Powell takes ...

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...

Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.

The American economy ended 2024 on a strong note - but inflation pressure remains. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — ...

Thursday's Forbes Daily covers interest rates, DC plane crash, private prisons and ICE, Tesla profit declines, OpenAI accuses ...

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 kept interest rates at current levels and acknowledged that inflation remained stubbornly elevated.

Outside of a U.S. President bending norms, the Fed also faces challenges in achieving its economic objectives. Inflation ...

Officials cut rates at their previous three meetings before taking a pause.

After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid ...

Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to ...

After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job ...