Federal Reserve cuts interest rates
Everyone was expecting the Federal Reserve to cut interest rates this week and they didn’t disappoint, cutting rates by a quarter point. Fed officials have indicated more cuts are on the…
federal reserve
Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private
By SEUNG MIN KIM Updated 2:06 PM CDT, July 16, 2025 WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in…
Fed raises key rate by half-point and signals more to come
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller…
Fed unleashes another big rate hike but hints at a pullback
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - The Federal Reserve pumped up its benchmark interest rate by three-quarters of a point for a fourth straight time to fight high inflation but hinted that it could soon reduce the…
Stocks slump on Wall Street as Fed steps up inflation fight
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7% Wednesday, as did the Dow Jones…
Fed unleashes another big rate hike in bid to curb inflation
By CHRISTOPHER RUGABER WASHINGTON (AP) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.…
National coin shortage persists due to lack of circulation during pandemic
The Federal Reserve, which manages coin inventory, says that the coin supply chain is severely disrupted by the pandemic. Coins are not readily available at some grocery stores, banks and other shops because they are not circulating as they normally…