Tag #Federal Reserve

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Fed Holds Interest Rates Steady Amid Inflation Concerns

The US Federal Reserve kept interest rates unchanged at 4.25% to 4.5% on Wednesday, resisting pressure from President Trump to lower rates despite a 3% GDP growth in Q2, citing elevated inflation and economic uncertainty. Two Fed governors dissented, the first split vote in over 30 years.

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us.cnn.com
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Slowing US Job Growth and Rising Inflation Amidst Increased Tariffs

This week's economic reports reveal a slowing US economy with 3% GDP growth but weak job gains averaging 85,000 per month since January and inflation at 2.6%, exceeding the Fed's target. Tariffs have increased to over 18%, potentially adding $2,400 to average household costs, although consumer spend...

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cbsnews.com
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Fed Holds Interest Rates Steady, Leaving Borrowers with High-Rate Debt Burdened

The Federal Reserve kept its benchmark interest rate frozen at 4.25%–4.50%, disappointing borrowers with high-rate debt, particularly credit card debt averaging $8,000 and rates near 23%, until their mid-September meeting.

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npr.org
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Fed Holds Interest Rates Steady Amidst Trump Pressure and Internal Dissent

The Federal Reserve held interest rates steady despite President Trump's calls for a cut, with two dissenting votes from Trump appointees; the U.S. economy grew at 3% in the second quarter, but this was influenced by changes in imports.

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nrc.nl
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Trump's Attack on Fed Independence Threatens US Economic Stability

President Trump's ongoing criticism of Federal Reserve Chairman Jerome Powell and his calls for lower interest rates are jeopardizing the Fed's independence, raising concerns about economic stability and mirroring the negative consequences of similar political interference in Turkey's central bank.

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Fed Meeting Unlikely to Reduce Credit Card Rates; Debt Relief Options Explored

The Federal Reserve's July meeting is unlikely to lower credit card interest rates, currently averaging 21.16%, due to factors beyond the Fed's benchmark rate, leaving borrowers with high-rate debt to seek alternative debt relief options.

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36% Bias Score

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edition.cnn.com
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US Economy Shows Growth Amidst Slowing Jobs, Rising Inflation, and Increased Tariffs

The US economy grew 3% in Q2, but this masks weakening job growth (85,000 jobs added monthly since January), rising inflation (2.6% PCE), and an increased effective tax rate on imports (18%) due to tariffs, potentially costing households \$2,400 annually.

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40% Bias Score

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cbsnews.com
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US Stocks Plunge Amid Weak Jobs Report and New Tariffs

US stocks fell sharply on Friday, with the Dow, S&P, and Nasdaq experiencing significant declines, driven by a disappointing July jobs report (73,000 jobs added, below expectations) and the Trump administration's announcement of new tariffs on over 60 countries, including a 35% tariff on Canadian im...

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smh.com.au
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Fed Resists Trump's Rate Cut Pressure

The US Federal Reserve Board resisted President Trump's calls to lower interest rates, despite two Trump-appointed governors dissenting; the long-term economic impact of Trump's trade policies on inflation and employment remains uncertain.

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52% Bias Score

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pt.euronews.com
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Fed Holds Interest Rates Steady, Defying Trump

On Wednesday, the Federal Reserve kept its benchmark interest rate unchanged at around 4.3%, rejecting President Trump's repeated calls for a rate cut, despite some internal dissent within the Fed; the decision increases the tension between the Fed and the White House.

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dailymail.co.uk
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Fed Defies Trump, Holds Interest Rates Steady Amidst Dissent

The Federal Reserve held interest rates steady at 4.25-4.5 percent despite President Trump's demands for a cut, with two Trump-appointed governors dissenting for the first time since 1993, following the release of positive Q2 GDP figures.

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52% Bias Score

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us.cnn.com
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Judge Rejects Lawsuit to Open Federal Reserve Meetings

A federal judge rejected a lawsuit aiming to make Federal Reserve interest-rate setting meetings public, citing the FOMC's independent status, despite the plaintiff's claim of Sunshine Act violation. The judge also questioned the suit's timing and potential publicity motives.

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Showing 217 to 228 of 882 results