Fed cuts rates amid labor concerns, casts doubt on further easing in December

by Avigna Ramachandran | Oct 30, 2025 | Business, Featured

WASHINGTON –  Federal Reserve Chair Jerome Powell announced a quarter point rate cut on Wednesday, marking the second cut of this year.  The reduction brings the federal funds rate to the 3.75% to 4.00% range, closer to what the Fed considers its neutral rate. The...

Government shutdown leaves policymakers, economists in the dark on ‘jobs Friday’

by Avigna Ramachandran | Oct 7, 2025 | Business, Featured

WASHINGTON – From Washington to Wall Street, policymakers and economists await the release of the monthly jobs report, published by the Bureau of Labor Statistics (BLS) on the first Friday of every month, commonly known as “jobs Friday.” This past Friday morning,...

Rep. Pressley calls on the Fed, Powell to address Black women’s unemployment

by Gabe Hawkins and Desiree Luo | Sep 25, 2025 | Featured, Politics

WASHINGTON — Rep. Ayanna Pressley (D-Mass.) called for Federal Reserve Chair Jerome Powell to address growing unemployment rates for Black women by Sept. 30.  In a Thursday press conference with Black activists, Pressley urged the Fed to uphold its mandate to maximize...

Fed to hold rates steady, entering wait-and-see mode

by Sarah Serota | Jan 29, 2025 | Business, Featured

WASHINGTON – After three consecutive rate cuts, Federal Reserve Chair Jerome Powell announced Wednesday the  Fed will hold the federal funds rate constant at 4.25-4.50%.  During its first meeting of 2025, the Fed decided it would not act amidst “somewhat elevated”...

“Trump Trade” soars in aftermath of Tuesday’s elections

by Ananya Chag | Nov 6, 2024 | Business, Campaign 2024, Featured

WASHINGTON – U.S. stock futures soared to record highs Wednesday in response to Donald Trump’s win in the battle against Vice President Kamala Harris for president. The Dow Jones Industrial Average rose 3.4%, or around 1,430 points, around 1:50 pm EST, notching...