What that means for you
The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above …
Federal Reserve System
Fed signals just one rate cut
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 2, 2024 in New York City. Michael M. Santiago | Getty Images News | …
Apple shares pop, Musk drops OpenAI lawsuit
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 23, 2024. Brendan McDermid | Reuters This report is from today’s CNBC …
Goldman Sachs partner Beth Hammack to succeed Mester as Cleveland Fed leader
A Goldman Sachs executive and finance industry veteran will take over as the new president of the Cleveland Federal Reserve. The central bank district announced Wednesday that Beth M. Hammack, …
Supreme Court rules CFPB funding is legal
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. Andrew Kelly | Reuters The Supreme Court ruled Thursday that the funding structure of the Consumer Financial …
Money markets, CDs as next target for ETFs
There may be an untapped market for exchange-traded funds. According to Calamos investments’ Matt Kaufman, there are trillions of dollars across CD and money market accounts, and it is a …
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” …
Here’s why the Federal Reserve is in no rush to cut rates in 2024
The Federal Reserve is in no rush to lower its benchmark rate. Earlier expectations that the central bank was planning multiple cuts before the end of the year seem less likely. …
The Fed will cut rates before the ECB, former BoE DeAnne Julius said
The Federal Reserve Building stands in Washington. Joshua Roberts | Reuters The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member …
Cash savers still have an opportunity to beat inflation. Here’s how
Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best …