Mortgage rates are climbing for the second week in a row, even after the Federal Reserve’s first rate cut in nearly a year — highlighting how a range of factors drive rates on home loans.
Federal Reserve officials may have to determine next steps for interest rates without access to the Bureau of Labor Statistics' September employment data.
Oxford Economics chief U.S. economist Ryan Sweet estimates that even a partial shutdown reduces GDP growth by 0.1-0.2 percentage points per week. To put that into context, the longest shutdown on ...
With key economic data releases stalled, the shutdown complicates the Fed’s next rate-cut decision amid high inflation and a softening labor market.
If the shutdown is short-lived, it won’t be very disruptive. But if the release of economic data is delayed for several weeks or longer, it could pose challenges, particularly for the Federal Reserve.
A government shutdown typically risks only modest damage for the U.S. economy, stemming mainly from furloughed public workers, who temporarily lose out on pay and put a dent in U.S. consumer spending, ...
Eight times a year, the Federal Open Market Committee (FOMC) of the Federal Reserve meets to assess the economy and determine whether it should adjust the federal funds rate. That may not sound like ...
While stock values get the most attention after the Fed cuts rates, they affect trusts, too. Some beneficiaries of entities without flexible distribution provisions could take a big hit.
Chair Jerome Powell avoided weighing in on White House policy, but flagged a tricky balance: upside risks to inflation and downside risks to employment at the same time – leaving little room for error ...
Astera Labs ( ALAB -1.51%) stock got hit with a double-digit sell-off across this week's trading. The company's share price fell 19.3% over the period. Meanwhile, the S&P 500 and the Nasdaq Composite ...
During his presidency, Trump has frequently clashed with Powell, whom he appointed as Fed chair in 2018. Trump has criticized Powell for not lowering interest rates sooner and more. The president has ...
President Donald Trump on Saturday uploaded a cartoon of himself firing Federal Reserve Chair Jerome Powell, with no other details.
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