David Paul Morris / Bloomberg / Getty Images Conagra Brands shares slid Thursday after the food giant lowered its profit outlook. CEO Sean Connolly cited a "challenging consumer environment," and ...
Fed Chair Jerome Powell held a news conference after the central bank cut rates by a quarter-point. Photo: Al Drago/Bloomberg The Federal Reserve signaled greater doubt over how much it would ...
The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.
For only the third time in 2024, the Federal Reserve has lowered the federal funds rate. On Dec. 18, the Fed cut the rate, which influences interest on everything from car loans to credit cards ...
Investopedia / Photo Composite by Alice Morgan / Getty Images As widely expected, the Federal Reserve lowered its key interest rate by a quarter of a percentage point to a range of 4.25% to 4.5% ...
"With today's action, we have lowered our policy rate by a full percentage point from its peak, and our stance is now significantly less restrictive. We can therefore be more cautious as we ...
The three-month average job gain in November was around 173,000, coming in strong despite being lower than early 2024. Other Fed leaders have reiterated Powell's sentiment that the central bank ...
“We have been moving sideways on 12-month inflation.” In lowering interest rates at a slower pace while also raising its growth forecast, the Fed is acknowledging the reality of an economy ...
As widely expected, the Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, marking its third straight cut. That brings the federal funds rate target range to 4.25 ...
The Fed has lowered interest rates by a percentage point in recent months. However, the Fed's forecast on Wednesday said it anticipates only a half a percentage point of rate cuts next year and ...
WASHINGTON – The Federal Reserve lowered its key interest rate by another quarter percentage point Wednesday but forecast a significantly slower pace of rate cuts next year following a recent ...
The U.S. Fed’s new quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing. Fed officials have ...