Federal Reserve cuts rates
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While inflation remains above the Fed's 2% target, economists expect a rate cut this September to address the weakening labor market.
The Federal Reserve's two-day policy-setting meeting begins Tuesday. Policy committee members may be divided on their decision and forecasts.
The Fed’s nearly-unanimous decision to reduce its key interest rate was seen by many as a quiet show of unity.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Federal Reserve is expected to cut its benchmark interest rate by a quarter of a point when it meets on Wednesday, the first cut in about a year. It has been described by those who watch the Fed as the most unprecedented meeting in many years due to political pressure from President Trump.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Fed meets 8 times a year to set monetary policy that affects how Americans borrow and save. Here's when its rate-setting committee meets next — plus a recap of past meetings.
While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.
The appeals court ruling does not settle the key issue of whether President Trump can remove Lisa Cook for what he considers just cause.
The Federal Reserve cut interest rates for the first time in nine months on Wednesday, signaling concerns about a weakening labor market. The central bank’s Federal Open Market Committee voted to lower its target range for the federal-funds rate by a quarter percentage point to 4% to 4.