Federal Reserve Chairman Jerome Powell announced Thursday that the central bank cut its benchmark interest rate after inflation cooled in September. After the Fed's two-day meeting ended on Thursday, ...

The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9 ...

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued ...

Though some noted after the meeting that the Fed's tone may have sounded less confident about the path of inflation, noting ...

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Jerome Powell-led FOMC voted unanimously to slash the benchmark interest rate by 25 bps to 4.50 - 4.75 per cent in the ...

A decline in the purchasing power of American paychecks helped put Donald Trump back in the Oval Office.

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The labor market has cooled and has remained solid, he said. Inflation has "eased substantially" from 7 percent to 2.1 percent, as of September.