US stocks gave up earlier gains on Tuesday as investors digested a wave of corporate earnings and economic data, while ...

US stocks pared earlier small gains on Tuesday, but kept a bid for more records in play as investors combed through a rush of corporate earnings and economic data key to the odds of interest-rate cuts ...

He added that he sees only one 25-basis-point cut in late 2025, unlike Fed Governors Christopher Waller and Michelle Bowman, who expect rate cuts to begin as soon as July.

The Fed cut its short-term policy rate by 100 basis points in 2024, but it has been on hold since January, keeping it in a 4.25% to 4.5% range while waiting for tariff uncertainty to clear up.

He sees the Fed only needing to approve a single quarter-point rate cut late in 2025, based on his view that economic growth will fall to perhaps 1.1% this year and inflation returning to nearly 3 ...

The Fed has imposed its most aggressive series of rate hikes in 40 years. The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a ...

The Fed's rate hikes in 2022 and 2023 drove inflation from 8% to below 3%. However, they also caused the unemployment rate to increase to 4.1% from 3.4% in 2023.

The labor-market outlook is seen as pivotal. The Fed forecast that the unemployment rate will rise to 4.5% by the end of the year, from 4.2% in May. That’s up from a forecast of 4.4% in March.