The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
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Here's the impact of the Fed's rate cut decision todayThe Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved ...
Federal Reserve officials in December signaled concerns that President-elect Donald Trump’s policies could stoke inflation, ...
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve ...
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CPI edged higher in December, complicating the Fed's upcoming decision on rate cutsInflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Fed wrapped up 2024 with three rate cuts in total. The central bank started with a bigger half-point cut in September, then made smaller quarter-point cuts in both November and December.
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