Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance released Wednesday by the Federal Reserve.

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The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials ...

WASHINGTON, Dec 19 (Reuters) - The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. Gross domestic product increased at an upwardly ...

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WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year ...

Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024 ...

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The US Federal Reserve has cut interest rates by a quarter point and signalled a slower pace of cuts ahead, amid uncertainty about inflation and President-elect Donald Trump’s economic plans.

Find an empty car park and you'll be a TikTok hero in no time. But Ford has been careful not to upset the old school Mustang fans, and while there are plenty of other modcons in the cabin ...

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Other data on Thursday showed the economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. The upbeat report came a day after the Federal Reserve ...