The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to President Donald Trump's tariffs.

WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal ...

The Reserve Bank is likely to move carefully. While inflation pressures have eased, the board wants to be sure prices stay ...

Inflation, which had fallen to 2.5% in 2024 from 6.6% in 2022, is expected to rise again as tariffs push up goods prices and ...

Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates.

The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point ...

Federal Reserve Chair Jerome Powell is standing by his wait-and-see message on interest rates despite Trump's pressure and Israel-Iran ceasefire deal.

Stream Connecticut News for free, 24/7, wherever you are. Even with the Federal Reserve on the sidelines, credit card rates are edging higher. In June, credit card interest rates rose for the ...

Rather than wait for a rate cut that may be months away, borrowers could switch now to a zero-interest balance transfer credit card or consolidate and pay off high-interest credit cards with a ...

Although the Fed cut its key borrowing rate benchmark three times in 2024 and has held its benchmark steady since December, banks continued to raise credit card interest rates to record levels ...