President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.
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 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.
U.S. Customs and Border Protection officials seized millions of dollars in knock-off jewelry items and advised American consumers as Valentines Day nears to be leery of fake products.
The average interest rate on new cars fell to 6.8% in the fourth quarter of 2024 - when the Fed first started cutting rates - from 7.4% a year earlier, according to data from the car-buying site Edmunds. For used cars, the average rate fell to 11% from 11.6% during that time.
(Reuters) - Credit data likely to be considered at a two-day Federal Reserve policy meeting that begins on Tuesday may show pumps primed for increased bank lending, even as the prospect for gains is complicated by a highly uncertain economic environment and still-daunting borrowing costs tied to central bank policy.
With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.
Could CD interest rates decline again this month? Here's what savers should consider before the January Fed meeting.
Guggenheim Partners' chief investment officer forecast on Monday that the U.S. Federal Reserve is likely to cut interest rates roughly every quarter in 2025, bringing the reduction to around 75 basis points or even a full percentage point this year.