Economy News Economy Relatively Strong Despite High Interest Rates

Why your card and car loan rates might not drop despite the Fed’s latest cut

The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September ... Read More

ECB keeps rates unchanged as economy holds up despite trade strife

The European Central Bank is all but certain to leave interest rates unchanged for a third meeting in a row on Thursday, enjoying a rare moment of low inflation and steady growth even in the face of ... Read More

Federal Reserve cuts key interest rate in bid to boost job market

Mixed signals from a weakening job market, stubborn inflation, roaring AI investments and the government shutdown have forced the Fed into a dilemma. Read More

The Fed is expected to cut rates this week — even while the government is shut down

The government shutdown means the latest job numbers haven't been released, but the Fed is still likely to cut. Read More

Fed Cuts Interest Rates Again to Protect Jobs as Economic Risks Grow

The Federal Reserve has once again cut its benchmark interest rate, aiming to revive the stagnant job market and prevent a surge in unemployment by lowering borrowing costs. Read More

The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported

The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts

Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year. Read More

Economic Growth Revised Up: Good News for Workers, but Bad News for Mortgage Rates

The economy's growth in the second quarter of the year was much stronger than previously reported, a development that is good news for the labor market, but will put upward pressure on mortgage rates. Read More