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...
Treasuries are on track for their worst month in more than two years amid signs of economic strength, posturing for next week’s US presidential election and heavy supply of new notes and bonds. US government debt was briefly buoyed Tuesday...
U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists’ views that the slump in residential investment, which includes homebuilding,...
The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the 2025 tax year, potentially giving Americans a chance to increase their take-home pay next year. Each year, the IRS updates the federal...
The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away. With Democratic Vice President Kamala Harris and Republican Donald Trump locked in a close race to win the Nov. 5 election, we...
The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and consistent” with the Fed’s two mandates of attaining 2% inflation and maximum...
Eileen Kleinman always thought it was unfair her working as a Cincinnati, Ohio school teacher meant her Social Security would be reduced when she retired. However, that might be changing. Last week, the bipartisan Social Security Fairness Act secured enough...
