One major influence is inflation. The Fed's goal is to maintain an inflation rate of around 2%. Inflation has been above that for some time, which is why the Fed held interest rates on the high side.

President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.) as the nominee for attorney general under the incoming administration. A controversial figure, Gaetz has been known for pushing ...

Elon Musk and Vivek Ramaswamy are tasked with cutting down the $6,750,000,000,000 that the federal government spent in 2024 under their new Department of Government Efficiency (DOGE). The group ...

During Tuesday's press conference, Marsh was asked about 2024 rookies Angel Reese and Kamilla Cardoso. He mentioned that both players are the "cornerstones" of the franchise. While Marsh ...

Republican Bill Weber was reelected to the state Senate in Rockland County's 38th District, defeating Democrat Elijah Reichlin-Melnick for the second time in two years. Reichlin-Melnick conceded ...

The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest ...

The 25 basis-point cut comes after Fed officials lowered rates by an aggressive 50 basis points at their previous meeting in September. In the weeks since the September meeting, a number of ...

A lot of people expect mortgage rates to fall when the Fed cuts its benchmark rate. But that's not really how the relationship between mortgages and the Fed works. And right now, there are other ...

The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest ...

Here's a quick primer on interest rates and what you need to know about today's Fed decision. The Fed meets eight times a year to assess the economy's health and set monetary policy, primarily ...

News updates from November 7: Fed cuts rates by a quarter point; Biden urges Americans to bring down ‘temperature’ in politics on facebook (opens in a new window) News updates from November 7 ...