The Fed is expected to hold off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Inflation data coming Friday should show a quicker rise in consumer prices at the end of 2024, supporting the Federal Reserve’s latest decision to hold off on further rate cuts. The Bureau of Economic Analysis will release the personal consumption expenditures,
A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump
WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December.
All three major U.S. stock indexes were higher in late-afternoon trade as focused turned away from Wednesday's Federal Reserve meeting and toward corporate earnings on deck. The S&P 500 index was leading the equity gauges higher with a 0.
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 U.S. stock market’s so-called fear gauge was rising Wednesday as investors await the outcome of the Federal Reserve’s policy meeting. The CBOE Volatility Index, which trades under the ticker VIX,
The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3 percent annual rate from October through December. For the full year, the economy grew a healthy 2.8 percent, compared with 2.9 percent in 2023.
U.S. stock indexes were mostly lower on Wednesday morning ahead of the release of the Federal Reserve's first monetary-policy decision of the year. The Dow Jones Industrial Average was flat, trading at around 44,