After their meeting Wednesday, Fed officials held interest rates steady in a range of 4.25% to 4.5%. In December, officials had penciled in two quarter-point cuts for 2025. Also read: Powell takes ...

Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.

US real gross domestic product increased at an annualized rate of 2.3% in the fourth quarter, well below the forecast of 2.7%. That growth indicates a cooler economy than in the second and third ...

Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed ...

This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% ...

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed ...

Interest rate cuts are always good for most businesses, but we may not be getting the dramatic cuts that we were hoping for.

These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...

With inflation accelerating again, and the labor market on reasonably solid footing, the Fed pivoted back to wait-and-see. Read more here.

The Federal Reserve will make its first interest-rate policy decision of the Trump administration in less than 30 minutes, and investors are watching both the central bank and the new U.S. president.

The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation ...

After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.