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Federal Reserve Chairperson Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) at the Federal Reserve in Washington, D.C., U.S. on September 16, 2026. | Photo Credit: Reuters The Federal Reserve raised its benchmark interest rate on Wednesday (September 16, 2026) for the first time since 2023…
U.S. President Donald Trump delivers an address to the nation from the Diplomatic Reception Room of the White House in Washington, D.C., U.S., December 17, 2025. | Photo Credit: Reuters President Donald Trump said in a White House speech on Wednesday (December 17, 2025) night that he was sending a $1,776 bonus check to U.S….
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., October 29, 2025. | Photo Credit: Reuters A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (October 29, 2025) and announced…
Customers wait in line to check out at a Costco store on December 11, 2024 in Novato, California. According to a Bureau of Labor Statistics report, the consumer price index increased 0.3 percent to a 12-month inflation rate of 2.7 percent in November, 0.1 percentage point higher than October. | Photo Credit: AFP U.S. consumer…
Read More “U.S. consumer spending rises in November; monthly inflation subsides” »
Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
A file photo of the U.S. Federal Reserve | Photo Credit: Reuters The U.S. Federal Reserve report released on March 1 flagged a range of what it deemed “notable” vulnerabilities in the financial markets while adding the stress that roiled the banking sector a year ago has faded considerably. The Fed also used the latest…
Read More “U.S. Fed policy report warns on possible financial sector risks” »
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount…
Read More “American consumers are pushing back against high inflation — and they are winning” »
The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…
Read More “Fed’s preferred gauge shows U.S. price pressures still persistent” »
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high. (Representational) Washington: The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation. The Fed’s decision to keep its key lending rate…
Read More “US Federal Reserve Holds Interest Rates At 22-Year High” »