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”...
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...
by Clare Zhang | Jan 17, 2024 | Business, Featured, Topics
WASHINGTON – Strong economic performance, including solid retail sales growth, signals a good likelihood that the Federal Reserve board will cut interest rates this year, Federal Reserve Board Governor Christopher Waller said Tuesday. In the fourth quarter of 2023,...
by Zachary Miller | Feb 16, 2022 | Business, Featured
WASHINGTON – The federal debt ceiling has caused headaches for decades. Now, House Democrats are considering the value of doing away with it altogether. “The debt ceiling has become a political weapon used to extract concessions, or more recently, simply score...
