5 Revelations From Chair Powell's Semiannual Congressional Testimony
Fed Chair Powell discusses 2024's 2.5% GDP growth, easing inflation, rate cuts, regulation shifts, stablecoin oversight, and ...
Fed Chair Jerome Powell: 'No hurry' to adjust monetary policy
Federal Reserve Chairman Jerome Powell is on Capitol Hill Tuesday for the first of two hearings he will testify in this week.
Fed seen on hold until September, with rising bets on earlier rate cut
The Federal Reserve will likely wait until September before cutting its policy rate, traders bet on Thursday, as data kept ...
US inflation jump puts Fed officials on notice as Powell testifies
Higher inflation readings left Fed officials telling lawmakers, business executives and the public that they may be waiting ...
Number of Americans seeking jobless benefits falls as employers hold on to workers
U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent ...
Fed chair says bank accounts ‘safe’ despite Trump’s teardown of consumer protection agency
Americans’ bank accounts are safe despite the Trump administration’s shutdown of a consumer financial regulatory agency, ...
Credit card debt hits record high, but help is available | What you need to know
A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help.
30-Year Mortgage Rates Fall Again
Rewinding further, the 30-year average notched a high 7.37% last spring, so today's rates are significantly improved vs. 10 ...
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Most Americans Are Blind to How Much Banks Are Paying Today
Stop me if you've heard this joke before, but it's a real hoot if you haven't. Back in the mid 20-teens, as the Federal ...
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When’s the next Federal Reserve meeting? What to expect — and how it affects your finances
The Federal ... Reserve’s 2 Percent Target Rate of Inflation, Council on Foreign Relations. Accessed April 29, 2024. Employment Situation Summary, U.S. Bureau of Labor Statistics. Accessed ...
Americans are piling on debt at a furious pace, as tariffs loom
Americans kept piling on debt during the holiday season, opening up a large number of new credit cards and stalling - at least for now - a hope that credit-card delinquencies would start reversing ...