Economists expect the Federal Reserve to keep interest rates unchanged as its Open Market Committee is set to conclude its meeting on Wednesday afternoon.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December.
The U.S. stock market’s so-called fear gauge was rising Wednesday as investors await the outcome of the Federal Reserve’s policy meeting. The CBOE Volatility Index, which trades under the ticker VIX,
The week's investing action plan includes a strong dose of pharma and biotech earnings, January econ reports, plus Amazon and Alphabet.
Stocks rose in January of that year, with the S&P 500 gaining 5.6%. But the index ultimately finished the year down 6.2%, according to FactSet data, after rising bond yields provoked a panic on Wall Street late in the year.
Stocks rose in early 2025, even as fears over tariffs, rates and China’s surprise AI win took turns rattling investors.
Shares of Chevron slid by more than 3% even after the oil giant boosted its dividends. Exxon's liquids production rate remained at a 40-year high as offshore Guyana fields prove even more lucrative than hoped. Oil futures slipped 0.3% to $72.53 a barrel.