Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
Category: Federal Reserve System
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Federal Reserve’s June Meeting: What to Watch
Central bankers are expected to leave interest rates unchanged on Wednesday, but the decision is an unusual nail-biter. Also: Keep an eye on the economic forecasts.
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U.S. Inflation Cools as Fed Plots Next Interest Rate Move
Consumer prices rose at the slowest pace in more than two years, an encouraging sign for policymakers as they plot their next interest rate move.
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Accenture Will Invest $3 Billion to Expand Its A.I. Offerings
The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.
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JPMorgan Seeks to Settle Lawsuit by Jeffrey Epstein Victims
After weeks of embarrassing disclosures, the Wall Street giant reached a tentative settlement with the convicted sex offender’s victims.
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As the Fed Meets, It Shares an Inflation Problem With the World
Inflation is stubborn across a range of economies. Given its staying power, investors expect the Fed to pause rate moves only temporarily.
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Donald Trump’s Latest Indictment May Reshape the 2024 Race
The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week.
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U.S. Economy’s Staying Power Poses Big Questions for the Fed
The Federal Reserve has been trying to slow growth without tanking it. Now, officials must ask if inflation can cool amid signs of resilience.
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How Apple and David Beckham Beat Saudi Arabia in the Race for Messi
A complex arrangement, involving Apple, to bring the soccer star to Miami shows how to trump the free-spending kingdom — and how hard that may be to duplicate.
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U.S. Job Growth Remains Strong Despite Economic Clouds
Employers added 339,000 workers in May, the Labor Department said, though the report also offered signs of shakiness.
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Jobs Numbers in Focus as the Fed Hints at a ‘Skip’
Federal Reserve officials are expected to leave rates unchanged at their June 13-14 meeting. Fresh jobs data will factor into the decision.