Latest in Fed makes final interest rate decision before Trump inauguration
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Stocks drop sharply after Fed cuts interest rates and signals more cautious approach next year
The DOW dropped more than a thousand points despite a cut in interest rates today. Markets reacted to Fed Chair Jerome Powell indicating a slower pace of cuts than previously expected next year. ...NBC News - 4h -
Fed makes final interest rate decision before Trump inauguration
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of ...CBS News - 5h -
Bracing for a Fed Pullback on Interest Rates
Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.The New York Times - 14h -
Fed Cuts Interest Rates, but Projects Fewer Reductions in 2025
Federal Reserve officials projected just two rate cuts in 2025, and they made it clear that future reductions would hinge on inflation progress.The New York Times - 6h -
Dow plummets 1,100 points after Fed scales back plans for interest rate cuts
The Fed cut interest rates a quarter of a percentage point on Wednesday.ABC News - 7h -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 7h -
Jerome Powell on U.S. economy after Federal Reserve interest rate cut decision
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's ...CBS News - 8h -
What the Fed's December rate cut means for mortgage interest rates
Today's Fed rate cut could have an impact on mortgage rates — but there are other factors at play, too.CBS News - 9h -
The Fed cut interest rates by another 25 basis points—here’s what will get cheaper
The Fed has cut its benchmark interest rate by 1% since September, making borrowing cheaper for credit cards, loans and auto financing.CNBC - 9h -
Fed cuts interest rate for third time this year as economic uncertainty looms
The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy.NBC News - 9h -
Fed cuts interest rate for third consecutive time
The Federal Reserve has announced a quarter-point cut to its key interest rate for a third consecutive time in 2024. NBC News' Brian Cheung has details on the decision and what it could indicate ...NBC News - 9h -
Fed cuts interest rates by quarter point despite firmer inflation
The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials ...The Hill - 10h -
Despite Fed cuts, many store credit cards are still charging customers extreme interest rates
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs), despite moves by the Federal Reserve to lower interest rates in the economy.NBC News - 10h -
Federal Reserve decision coming on final interest rate cut for 2024
The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.CBS News - 10h -
Watch live: Powell gives remarks on expected interest rate cut, Fed's 2025 outlook
Federal Reserve Chair Jerome Powell is set to hold a briefing Wednesday afternoon as the central bank is set to cut interest rates for a third time. The decision comes as inflation picked up ...The Hill - 10h -
The Fed has a big interest rate decision coming Wednesday. Here's what to expect
Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter percentage point.CNBC - 12h -
Federal Reserve set to announce last decision of the year on interest rates
The Federal Reserve will release its final decision of the year regarding interest rates later today. This will be the final interest rate decision before President-elect Trump takes office.NBC News - 13h -
Transgender Americans rush to finalize name changes, healthcare proxies and estate planning before the inauguration
With their rights threatened, transgender Americans are rushing to get their financial houses in order.MarketWatch - 14h -
Fed expected to make another cut in final interest rate decision of 2024
The Federal Reserve on Wednesday will make its final interest rate decision of 2024 with a 0.25 percentage point cut expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - 15h -
Suspect in Russian general's killing and Fed expected to cut interest rate: Morning Rundown
The Federal Reserve is expected cut the key interest rate by a quarter-point.NBC News - 16h -
Trump backs dockworkers as costly strike looms before inauguration
President-elect Trump has thrown his weight behind dockworkers’ demands for automation protections, as he braces for a strike that could significantly disrupt the economy just days before he is set ...The Hill - 18h -
Red states shifting agendas further right before Trump's inauguration
New reporting reveals red states, energized by President-elect Donald Trump's victory, are already pushing for more conservative agendas. Washington Post national correspondent Molly Hennessy-Fiske ...CBS News - 2d -
Here's what to expect from the Fed's interest rate decision this week
The Federal Reserve will announce a rate decision on Wednesday, Dec. 18. Economists are now expecting fewer cuts in 2025.CBS News - 2d -
Economists trim Fed rate cut estimates on fear of Trump inflation surge
Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll findsFinancial Times - 3d -
Schools caution international students: Get back to campus before Trump's inauguration
A handful of U.S. colleges and universities have been cautioning their international student bodies to return to campus early to avoid any travel delays.NBC News - 5d -
Trump’s invitation to Xi for inauguration could signal a ‘grace period’ before China faces tariffs
U.S. President-elect Donald Trump’s decision to invite Chinese President Xi Jinping to his inauguration next month could be a sign that Beijing won’t immediately get hit with tariffs as Trump’s ...MarketWatch - 6d -
Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates
A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin in favor of a widely expected reduction in interest rates next week.MarketWatch - 6d -
Are negative interest rates about to make a comeback? One banker says it’s possible
The age of negative interest rates might not be over.MarketWatch - 6d -
Wray to resign as FBI director before Trump's inauguration
President-elect Donald Trump announced in November that he intended to name Kash Patel to replace Cristopher Wray as FBI director.CBS News - Dec. 11 -
Behind Christopher Wray's decision to leave FBI before Trump becomes president
Christopher Wray's intention to leave his post as FBI director is not surprising given President-elect Donald Trump's past comments about his intentions to replace him. CBS News' Nicole Sganga ...CBS News - Dec. 11 -
This nugget of good news in hottish CPI inflation report may cement Fed interest-rate cut
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could be just what the doctor ordered.MarketWatch - Dec. 11 -
CPI shows uptick in inflation before final 2024 rate decision from Federal Reserve
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. ...CBS News - Dec. 11 -
Why some credit card APRs are rising even after the Fed slashed interest rates
Most credit cards have a variable rate with a direct connection to the Federal Reserve’s benchmark.NBC News - Dec. 10 -
The Fed slashed interest rates, but some credit card APRs aren't going down. Here's why
Although the Federal Reserve started slashing interest rates in September, the average retail card rate has only gone up.CNBC - Dec. 9 -
The Fed is on course to cut interest rates in December, but what happens next is anyone's guess
Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.CNBC - Dec. 7 -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.MarketWatch - Dec. 7 -
Gaza peace deal possible before Trump inauguration, Qatar’s PM says
Mohammed bin Abdulrahman bin Jassim Al Thani says there is work being done ‘to get things back on track’. Momentum has returned to the Gaza peace talks and an agreement is possible before Donald ...The Guardian - Dec. 7 -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - Dec. 6 -
Netanyahu Welcomes Trump’s Demand to Free Hostages Before Inauguration
The Israeli leader’s comments came after President-elect Donald J. Trump threatened to take unspecified action unless the hostages held in Gaza are released by Jan. 20.The New York Times - Dec. 3 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2