The Trump administration’s idling of the Consumer Financial Protection Bureau (CFPB) left in limbo significant cases the agency brought against companies and large financial firms in the waning days of President Joe Biden’s time in office. The CFPB in January...
A rising number of Americans are anxious about the state of the US economy — and it’s all about inflation. The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment declined to its lowest level in seven...
The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest-rate cuts than otherwise. Trump on Saturday slapped across-the-board...
Investors aren’t expecting many surprises at the end of the Federal Reserve’s Wednesday FOMC policy meeting, where central bank officials are widely expected to hold interest rates steady following three consecutive cuts at the end of 2024. There is considerably...
The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery...
Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and...
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to reduce its benchmark interest rate by...
November’s Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its final interest rate decision of the year after cutting rates by...
The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks. President-elect Donald Trump’s...
The tech job market is in a tough spot right now. People like Jon Bach, a former director at eBay, are feeling the squeeze. Bach worked at eBay for 13 years, but after getting laid off in January, his job...
Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation....
The highest 30-year US Treasury yield in almost six months attracted buyers on Monday, helping buoy bonds as investors assess how Donald Trump’s presidential victory may affect the economy and Federal Reserve’s policy. Yields on the longest-dated bonds hovered near...
Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as they anticipate potentially higher interest rates next year. The $23.5 billion in debt...
The Federal Reserve and Chairman Jerome Powell have a lot riding on Tuesday’s election, even as the central bank has spent 2024 keeping as much distance as it can from politics. The next president is set to fill multiple open...
The highly anticipated 2024 US presidential election is here, with Vice President Kamala Harris and former President Donald Trump vying to become the next commander in chief. But how much would a Republican or Democratic victory impact market dynamics? Yahoo...
