Fed Chair Jerome Powell pumps brakes on rate cuts

(WASHINGTON) -- The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday.Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price... Read More.

Fed set for first rate decision since forecasting cuts

(WASHINGTON) -- Washington, D.C., and Wall Street will closely watch an announcement from the Federal Reserve on Wednesday about whether to shift its benchmark interest rate.The move marks the first such decision since the Fed said last month that it expects to cut rates... Read More.

What could interest rate cuts mean for the 2024 election?

(NEW YORK) -- When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a "soft landing."Arriving less than a year before the presidential contest, the announcement raised a separate consideration:... Read More.