The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his ...
Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point ...
With the three-quarter-point rate increase approved on Nov. 2, the Fed raised rates 375 basis points in about 34 weeks. That ...
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