Uncertainties surrounding the independence of the U.S. central bank have grown following remarks made by President Trump recently that took aim at Fed Chair Jerome Powell. The continued tension between the two has driven global investors to distance themselves from...
The Federal Reserve held its benchmark interest rate steady at its latest meeting this week, maintaining rates at a range of 4.25% to 4.5%. This marks the second consecutive rate pause as the Feds take it slow amid an unpredictable economic landscape that’s...
The Federal Open Market Committee (FOMC) held its meeting this week, which resulted in interest rates being left unchanged following three consecutive rate cuts that took place under the Biden-Harris Administration. This leaves rates at their current range of 4.25% to...
Despite persistent inflation, the Federal Reserve cut the benchmark interest rate by a quarter point yesterday during their last meeting of the year. The rate was lowered to a range of 4.25% to 4.5%, which is good news for borrowers, but overall, the move will most...
In line with the Federal Reserve’s previous move that cut the benchmark interest rate by 0.50 percentage points, rates have been decreased once again. The second Fed rate cut of the year, which took place just two days after the presidential election, was...
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75%...
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