Futures markets are also expecting a rate cut. Investors peg the chances of a quarter-point interest rate cut at nearly 96%, ...

Treasury Secretary Bessent’s bold outlook is fueled by a surprise July inflation report and revised jobs data.

The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of ...

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a ...

Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday he is uneasy assuming that tariffs will not push up ...

It's the first time that Bessent has pressured the central bank for lowering the cost of borrowing, citing weak employment ...

This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...

Two Fed officials on Wednesday suggested the central bank can be patient in lowering rates. Markets see a rate cut in ...

Tom Barkin, president of the Federal Reserve Bank of Richmond, told a Greenville Chamber group the next rate-cut decision is ...

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

U.S. stocks turned mixed in Wednesday afternoon trading, and one reason may have to do with concerns over the timeline of ...