Here’s What to Know About Trump’s Tariffs
President Trump on Saturday signed executive orders imposing sweeping tariffs on the country’s three largest trading partners, a move that risks unleashing a damaging trade war. Trade wars were a…
You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund
You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect. What’s going away is the…
Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a mixed picture. The central bank’s preferred inflation measure,…
High Inflation and New Tariffs Will Make the Fed’s Job Tougher
High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the world economy through tariffs, leading to questions about whether…
European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank cut interest rates on Thursday, for the fifth consecutive time, amid slowing growth in the region’s economy. Policymakers lowered the bank’s key rate a quarter point…
U.S. Economy Grew 2.3 Percent in Fourth Quarter,
Growth slowed but remained resilient at the end of 2024, leaving the U.S. economy on solid footing heading into a new year — and a new presidential administration — that…
Fed Meeting Live Updates: Interest Rates Remain Steady
The Federal Reserve left interest rates unchanged on Wednesday, as the central bank turned cautious on further cuts amid a sturdy economy and uncertainty about inflation. The central bank’s decision…
Fed Meeting Live Updates: Interest Rates Remain Steady
The Federal Reserve left interest rates unchanged on Wednesday, as the central bank turned cautious on further cuts amid a sturdy economy and uncertainty about inflation. The central bank’s decision…
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. And with…
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest…