Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep the US economy in its ...

The Federal Reserve announced a quarter-point interest rate cut, the first of 2025. The decision follows slowing job growth and rising inflation, challenging the Fed's dual mandate. Criticism from ...

“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by ...

The Federal Reserve on Wednesday left interest rates unchanged amid mounting uncertainty over how the Iran war will impact the economy and in turn the central bank's approach to monetary policy, ...

An icon in the shape of a lightning bolt. Impact Link The Fed cut rates at its last meeting of the year The Federal Reserve cut rates by a quarter-point Wednesday afternoon in alignment with ...

The Federal Reserve cut interest rates Wednesday for the first time this year as the central bank attempts to ease pressure on the weakening U.S. job market. The Federal Open Market Committee (FOMC) — ...

The federal funds rate is now 4%-4.25%. Further 2025 cuts are likely. This page includes information about these cards, currently unavailable on NerdWallet. The ...

It’s Friday afternoon at the PGA Championship. We’ve got surprises all over the leaderboard; some dark horses at the top and some superstars fighting just to make the cut. So let’s watch together! My ...

The Federal Reserve lowered its benchmark interest rate by a quarter percentage point Wednesday, in an effort to support a weakening job market. But stubborn inflation and delayed economic data ...

Forbes contributors publish independent expert analyses and insights. Caroline Castrillon covers career, entrepreneurship and women at work. Most people assume career growth means each new role should ...

The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points, but Chair Jerome Powell hinted that the central bank might pause before further lowering borrowing costs.