With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first ...

The Federal Reserve lowered rates by a quarter point, but Stephen Miran, a Trump appointee who joined the board this week, ...

Major U.S. lenders lowered a key interest rate today, providing U.S. consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year.

NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024.

While inflation remains above the Fed's 2% target, economists expect a rate cut this September to address the weakening labor market.