Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December…
Tag: interest
Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted…
Goolsbee sees ‘note of unease’ as Fed looks to next interest rate move
Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over…
Big banks hiked interest rates on borrowers but not for savers, senators say
As interest rates climbed, major banks charged borrowers more for mortgages and auto loans, yet never increased payouts to savers,…