The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.

House Financial Services Committee Chair Rep. French Hill, a Republican from Arkansas, began Wednesday’s hearing by ...

Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on ...

Screens display a news conference by Federal Reserve Chair Jerome Powell on the floor of the New York Stock Exchange in New York, Wednesday, Jan. 29, 2025. (AP Photo/Seth Wenig) AP Business ...

The S&P 500 fell 0.5% following the Fed’s widely expected decision. The Dow Jones Industrial Average dipped 137 points, or 0.3%, and the Nasdaq composite fell 0.5%.

Fed Chair Jerome Powell said in his post-meeting news conference that an unexpectedly weakening labor market or inflation slowing “more quickly than anticipated” would put rate cuts back on ...

The Federal Reserve has declined to lower its benchmark interest rate after making three previous consecutive cuts. With inflation lingering, Fed watchers expect policymakers will take a slower ...

Fed Chair Jerome Powell said after the decision that the central bank could cut rates if inflation were to slow further or if the job market suddenly weakened. But “right now, we don’t see ...

Read full article: Nonprofit crucial for health of many in Haiti could be losing funding due to Trump administration policy The S&P 500 fell 0.5% following the Fed’s widely expected decision.