Latest in Know Fed’s
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How the Fed's rate cuts will affect Americans directly?
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full ...CBS News - 1h -
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 - 11h -
Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.The New York Times - 2d -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 4h -
Stocks plunge following Fed inflation projections
Major stock indices plunged Wednesday after the Federal Reserve signaled a slower pace of interest rate cuts for 2025 than previously forecast, renewing concerns about how fast inflation would fall.NBC News - 4h -
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 - 7h -
Rep. Carlos Giménez: 'Drones pose a threat,' feds don't know anything
"The federal government hasn't the faintest idea what's going on with these drones," Giménez said.The Hill - 14h -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 14h -
Feds are moving to improve airline travel for people with disabilities
New rule is department's latest effort to improve commercial air travel for passengers with disabilities. Here's what's in it.CBS News - 2d -
Here’s what we know.
At least five others were injured in the shooting at the Abundant Life Christian School in Madison, which has about 390 children in kindergarten through 12th grade.The New York Times - 2d -
Will the Fed signal a pause in rate cuts?
Market Questions is the FT’s guide to the week aheadFinancial Times - 3d -
Feds propose protection for giant salamanders devastated by Hurricane Helene
A giant salamander that evolved on the supercontinent Pangaea and outlived the dinosaurs has been proposed for federal protection by the U.S. Fish and Wildlife ServiceABC News - 5d -
The Fed Is Stuck Fighting the Last War
Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.The New York Times - 5d -
How could HELOC rates change after the December Fed meeting?
The final Federal Reserve meeting of 2024 is set for next week. Here's what it could mean for HELOC interest rates.CBS News - 6d -
HELOC dos and don'ts to know for 2025
A HELOC could be an effective borrowing tool in 2025 — if borrowers take these strategic steps.CBS News - Dec. 11 -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - Dec. 11 -
Bessent: Powell can serve out remainder of term as Fed chair
Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank. ...The Hill - Dec. 11 -
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by enough to derail the Federal Reserve's plans for another rate cut. Consumer ...The Hill - Dec. 11 -
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged
Everyday Americans still expect sticky inflation in the coming years.Inc. - Dec. 11 -
Sednaya Prison in Syria: What to Know
Amnesty International described it as a “human slaughterhouse,” where, other rights groups say, tens of thousands of people were detained, tortured and killed during the 13-year civil war.The New York Times - Dec. 11 -
Feds collected records of congressional staff, reporters in Trump-era leak probes
The Justice Department failed to follow internal policy and ignored protections when seeking records from members of Congress, dozens of congressional staffers and members of the media, a watchdog ...CBS News - Dec. 10 -
Should you open a home equity loan before the December Fed meeting?
Do you need to apply for a home equity loan before the Fed's December meeting? Here's what borrowers should do now.CBS News - Dec. 9 -
Good ideas know no borders
There is something narrow-minded about criticising a British politician for being ‘America-brained’Financial Times - Dec. 9 -
Trump Says He Won’t Try to Fire Jay Powell as Fed Chair
The president-elect said he would not try to replace the Federal Reserve chair, but would seek to cut immigration, impose tariffs and more.The New York Times - Dec. 9 -
Trump says he won't seek to remove Fed chairman Powell
President-elect Trump in a new interview said he does not plan to try and fire Jerome Powell as chairman of the Federal Reserve upon taking office next year. "No, I don't think so. I don't see it," ...The Hill - Dec. 8 -
Donald Trump says he won't fire Fed chief Jerome Powell
President-elect Donald Trump says he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026, during an exclusive interview with Meet the Press.NBC News - Dec. 8 -
Trump says he won't fire Fed chief Jerome Powell
President-elect Donald Trump said he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026.NBC News - Dec. 8 -
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 -
What to Know About Ghana’s Election
Ghanaians voting on Saturday are confronted with a choice familiar to Americans: Return a one-term former president to office, or promote the vice president, at a time when anger over the economy ...The New York Times - Dec. 6 -
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 -
These Two Factors Could Set Up a Trump Clash With the Fed
If borrowing costs don’t drop and household costs remain high, the incoming president could turn his ire on the traditionally independent central bank.Inc. - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Fed commentary, Foot Locker, ADP jobs data: What to Watch
Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to ...Yahoo Sports - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Infinity Nikki - Everything To Know
In the often grey and macho world of video games, it's refreshing to see a colourful creation that isn't afraid to shine. Look no further than the latest head-turning adventure from developer ...GameSpot - Dec. 3 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2