Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The judge ordered that he is not allowed to use the internet, except for business or to meet with his attorney.
Quarterback Cam Ward will try to keep No. 4 Miami undefeated when the Hurricanes visit Georgia Tech. Ward says having wide receiver Xavier Restrepo as his top target is a big reason Miami is on the path for a spot in the 12-team College Football Playoff.
President Biden is addressing the nation on the election results and the transition of power, with his predecessor set to return to the White House.
Traps have been set up and thermal imaging cameras are being used in an effort to locate the fugitive monkeys, police said.
The Broward School Board is split when it comes to the current ban.
The judge ordered that he is not allowed to use the internet, except for business or to meet with his attorney.
Quarterback Cam Ward will try to keep No. 4 Miami undefeated when the Hurricanes visit Georgia Tech. Ward says having wide receiver Xavier Restrepo as his top target is a big reason Miami is on the path for a spot in the 12-team College Football Playoff.
President Biden is addressing the nation on the election results and the transition of power, with his predecessor set to return to the White House.
Traps have been set up and thermal imaging cameras are being used in an effort to locate the fugitive monkeys, police said.
The Broward School Board is split when it comes to the current ban.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
President Biden is addressing the nation on the election results and the transition of power, with his predecessor set to return to the White House.
President-elect Trump faced two federal prosecutions brought by special counsel Jack Smith last year.
After President-elect Donald Trump's victory, revisit some standout moments that marked the 2024 presidential race.
Some prominent business leaders praised Trump's victory, while some nonprofits called his win "a disaster."
What will happen to the Minnesota governor after his failed vice presidential bid? Here's what we know.
Jim and his guests focus on the early voting numbers we are seeing locally and statewide, specifically the impact the huge Republican turnout thus far might have once all the votes are counted.
Jim sits down with key stakeholders in some of Florida's most contentious ballot initiatives.
Jim DeFede speaks to two individuals on both sides of legalizing recreation marijuana with Amendment 3.
Republican Rosanna Cordero-Stutz and Democrat James Reyes faced off for a debate as Miami-Dade's sheriff.
Jim DeFede spoke to women who were not allowed to have an abortion in Florida.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Recalled products were sent to distributors in 35 states and sold on Amazon, Dynarex said in notice posted by FDA.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
At Memorial Healthcare System, the innovative Aquablation procedure is changing the landscape of enlarged prostate treatment.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
NASCAR issued $600,000 in fines and suspended nine team members from three different teams on Tuesday for alleged race manipulation at Martinsville Speedway.
Judy Garland's iconic ruby slippers from "The Wizard of Oz" are on the auction block nearly two decades after a thief stole the iconic shoes, an attempt to pull off "one last score."
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Rapper Young Thug, whose given name is Jeffery Williams, pleaded guilty Thursday to gang, drug and gun charges.