The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this ...
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.
An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Regarding the current Fed rates, Trump has said that he seeks to lower interest rates by unleashing energy production and ...