Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.”
Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the Fed's decision, explain what it means, and provide analysis.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.
The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.
The Federal paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate, auto loan and savings account.
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
The Federal Reserve holds firm on interest rates after their latest meeting. The decision was expected as progress is bumpy and the labor market gains a little steam. Patrick Rehkamp, a senior financial writer from 1834,
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.
Surging stock prices have fueled consumer spending, which has boosted economic growth. A market selloff could put a lid on consumption..