Breaking News: Economy

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…

Ray Dalio names the top five forces shaping the global economy

SINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. …

The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect

For all the hype that goes into them, Federal Reserve meetings are usually pretty predictable affairs. Policymakers telegraph their intentions…

Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Latinas are making substantial contributions to the U.S. economy. The female Hispanic population contributed $1.3 trillion to gross domestic product…

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they…

Interest payments on the national debt top $1 trillion as deficit swells

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its…

Here’s the deflation breakdown for August 2024 — in one chart

Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer…