The Fed leaves interest rates near zero as expected, and promises to use all of its tools to support the economy. Officials project unemployment above 9% at the end of this year.
The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.
Coronavirus fears have sent stock markets reeling, but they're also pushing mortgage rates down near historical lows. That's an opportunity for homebuyers and homeowners.
The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in an effort to support an economy that continues to tap the brakes. Economic growth in the third quarter was just 1.9%.
The Federal Reserve is widely expected to cut interest rates by a quarter percentage point. That could give a lift to the stock market but may not do much to help the economy amid the trade war.
The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.
The Federal Reserve chairman is testifying before Congress this week about challenges the economy faces. Stocks rallied in anticipation the central bank will lower interest rates later this month.
The Federal Reserve left rates alone, despite pressure from President Trump to pump more money into the economy. But the central bank signaled a willingness to cut rates in the future if needed.
President Trump's pick for a seat on the Federal Reserve Board is drawing mounting criticism from economists of all stripes. Moore says he has the right experience, but critics fault his track record.
The bond market flashed an ominous warning Friday, as the yield on long-term government debt dipped below that of short-term bills. That unusual situation often signals a recession on the horizon.
The Federal Reserve left interest rates unchanged Wednesday and signaled that no more rate hikes may be necessary this year amid signs of economic slowing.
The labor market continues to get stronger and the economy is growing at a solid rate, the Federal Reserve said. The central bank also said it will be patient as it decides on future rate increases.
A major credit rating agency is warning that a prolonged government shutdown could mean that it will reconsider the nation's AAA rating. That could lead to higher borrowing costs.
The U.S. Federal Reserve is raising the benchmark borrowing rate to a range of 2.25 percent and 2.50 percent, a move that would put it at the highest level in a decade
The bond market is worried the trade war, slowing global growth and a drop in oil prices are signs the economy is slowing and may be heading for a recession. Nervousness spilled over into stocks too.
Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.
Bullish stocks, low unemployment, high confidence — from most angles, the economy is strong. But questions linger as the Federal Reserve raises interest rates for the third time in 2018.
It was the second time in a month that President Trump had taken aim at the Fed. In a Reuters interview, he also accused China and Europe of manipulating their currencies to gain leverage in trade.
The Federal Reserve held steady with no rate increase, but it is expected to raise rates twice more by the end of the year. The Fed said "economic activity has been rising at a strong rate."
The commander in chief usually doesn't comment directly on Fed policy. But President Trump broke with that tradition Thursday, saying, "I'm not thrilled" about the Fed's interest-rate increases.
The Fed boosted a key interest rate again — its seventh hike since 2015. The move, which was expected, will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.
For the first time in four years, the rate on the 10-year U.S. Treasury note crossed 3 percent. While it signals a stronger economy, it makes bonds more attractive investments, undermining stocks.
The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.
Major stock indexes dropped sharply Friday; the Dow Jones industrial average tumbled 2.6 percent amid signs that wage growth is picking up. It was the Dow's worst weekly performance in two years.
Policymakers increased a key rate for the third time this year. The quarter-point move indicates the Fed is confident in the economy as it continues to recover from the financial crisis.
