The Latest Breaking News from Jay Powell

Island hobs have become a design favorite, but is it really worth it?

Consumer price inflation reared its ugly head to start the year, dashing hopes for the Fed to lower borrowing costs anytime soon.

Sen. Rick Scott aligns with President-elect Donald Trump's agenda, emphasizing endorsements and proposals for efficient government operations.

Donald Trump is the undisputed master and commander of the popular vote, the electoral college and congress. Americans are unexpectedly at ease with the nation’s verdict. The rows and cacophony of voices over politics have died down. The late night show host Jon Stewart delivered the best explanation for this…

The Fed fund forward curve is showing an expected 25-basis point cut by the FOMC Thursday afternoon. Things get a bit cloudier after that, though.

The March Fed meeting is finally here, with Wall Street anxious to see what Jerome Powell & Co. have to say on inflation and interest rates.

"They were late raising rates but they raised very high, rapidly, to 5% which I think is the right thing," JP Morgan's Jamie Dimon said. "And they're right to take the foot off the gas on that one."

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

The debate about the upcoming Fed meeting centers around whether it will cut the funds rate by 25 or 50 basis points. But that may not be enough.