Breaking News: Economy

How the Federal Reserve’s rate policy affects mortgages

The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates…

PCE inflation November 2024:

Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year…

NVO, FDX, SBUX and more

Check out the companies making headlines before the bell. Novo Nordisk – Shares plunged more than 19% after the Danish…

Russian central bank surprises markets by holding key rate at 21%

MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time…

FDX, NKE, X and more

Check out the companies making headlines in after-hours trading. FedEx – Shares rose 8% following the delivery giant’s better-than-expected earnings.…

Trump endorses House GOP deal to avert government shutdown

WASHINGTON — President-elect Donald Trump endorsed a House Republican deal Thursday to fund the government for three months and avert…

Stocks making the biggest moves midday: DRI, MU, LW, HIMS

Check out the companies making headlines in midday trading. Hims & Hers — Shares of the telehealth startup shares lost…

Here’s what’s different in the December 2024 statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text…

Fed cuts rate by a quarter point

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive…

Fed has big interest rate decision on Wednesday. Here’s what to expect

Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting…