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Federal Reserve System

Why bringing down inflation different this time, according to Powell

by Adrian Jhonsan
Why bringing down inflation different this time, according to Powell

Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in …

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The Federal Reserve held rates steady. Here’s what that means for you

by Adrian Jhonsan
The Federal Reserve held rates steady. Here’s what that means for you

The Federal Reserve announced it will leave interest rates unchanged Wednesday, in a move that many believe will conclude the central bank’s rate hike cycle and set the stage for rate …

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The Fed could pull off a soft landing, here’s what that means for you

by Adrian Jhonsan
The Fed could pull off a soft landing, here’s what that means for you

The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week after recent signs the economy is in fairly good shape …

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Here’s what it would take for the Fed to start slashing rates in 2024

by Adrian Jhonsan
Here’s what it would take for the Fed to start slashing rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images Interest rate cuts don’t …

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Federal Reserve may not hike interest rates. What that means for you

by Adrian Jhonsan
Federal Reserve may not hike interest rates. What that means for you

Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card …

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Housing industry urges Powell and Fed to stop raising interest rates

by Adrian Jhonsan
Housing industry urges Powell and Fed to stop raising interest rates

New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising …

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Powerball jackpot hits $1.55 billion. Why cash prize fell last week

by Adrian Jhonsan
Powerball jackpot hits .55 billion. Why cash prize fell last week

The Powerball jackpot has climbed to an estimated $1.55 billion after no one matched the winning numbers Saturday night — and there were some dramatic swings in the cash prize …

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Fed interest rate moves affected by government shutdown

by Adrian Jhonsan
Fed interest rate moves affected by government shutdown

An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A looming government shutdown could …

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Recession indicator may be ‘broken odometer’ for economy, says expert

by Adrian Jhonsan
Recession indicator may be ‘broken odometer’ for economy, says expert

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …

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Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates

by Adrian Jhonsan
Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates

Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank some time as it decides whether additional interest rate hikes …

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