Your donation makes it possible for us to keep doing this important work, keeping you informed every step of the way to the November election Under Powell, the Fed raised its benchmark rate to the ...

The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020.

Investors now expect the Fed to start cutting rates at its next meeting in September. WASHINGTON — Federal Reserve Chair Jerome Powell all but proclaimed victory in the fight against inflation ...

Central bankers expect to cut interest rates more in the months to come, but they are not on a preset path, Powell said. They ...

Economists also believe the Fed likely isn’t startled about the unemployment rate just yet. The current unemployment rate of ...

Under Powell, the Fed raised its benchmark rate to the highest level in 23 years to subdue inflation that two years ago was running at the hottest pace in more than four decades.

He noted that inflation, according to the Fed's preferred gauge, had fallen to 2.5% last from a peak of 7.1% two years ago. Measured by the better known consumer price index, inflation has dropped ...