Tag: interest rates
Fed Delivers Third Rate Cut of 2025 as Inflation and Jobs Data Diverge
The Federal Reserve lowered its benchmark interest rate for the third time this year on Wednesday, opting for another quarter-point cut as policymakers attempt...
Powell Says Fed Faces Tough Balancing Act on Inflation
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank is performing a delicate balancing act as it seeks to contain inflation...
Fed Cuts Rates for First Time in 2025
The Federal Reserve reduced its benchmark interest rate on Wednesday for the first time in nine months, lowering it by a quarter point to...
Labor Department Revises Job Growth Sharply Lower
Largest Downward Revision Since 2002
The U.S. labor market created far fewer jobs than initially reported, according to a Bureau of Labor Statistics (BLS) revision...
Home Depot Warns of Modest Tariff Price Increases
Home Depot, the largest home improvement retailer in the United States, announced it will raise prices on some products due to higher tariffs on...
U.S. National Debt Hits $37 Trillion
Record Debt Arrives Years Ahead of Forecast
The U.S. gross national debt has reached $37 trillion, according to the latest Treasury Department report. This milestone...