Investors maintained bets for further easing, pricing an additional 70 basis points of cuts during the rest of 2025, which would lower rates to near 2 per cent.

Smith said that the top federal tax rate will Increase to 43.4% for 26 million small businesses if Congress fails to act and allows the Section 199A Small Business Deduction to expire.

In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.

Donald Trump has rounded on the US Fed, threatening to unravel the political neutrality that has underpinned decades of stability.

Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.

WASHINGTON – 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 ...

The Fed keeps rates unchanged, signals more hawkish stance on inflation and describes real economy as solid. See why I don't expect rate cuts in the coming months.

The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.

Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the ...

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed ...

The mood at Reagan National Airport is somber following a devastating plane crash near Washington, DC, hours ago. Family members of likely victims are waiting anxiously for answers as first responders ...

While Powell revealed little about the Fed’s plan of action, it is becoming more likely that interest rates will also be held ...