Rate hikes impact people in largely negative ways, experts told ABC News. The Federal Reserve on Wednesday dramatically escalated its fight to dial back historic inflation, raising its benchmark ...

After years of elevated borrowing costs, mortgage rates have finally started moving lower — and the change is already rippling through the housing market. The average 30-year fixed-rate mortgage loan ...

The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation rate at 2.9%. The Labor Department reported a surprise ...

The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank's target. Fed ...

The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%, both lower than expected. Excluding food and energy, core CPI showed a 0.2% monthly gain and an ...

• The Federal Reserve cut its benchmark interest rate Wednesday for the first time since December and signaled more cuts are likely this year. • Central bankers opted for a quarter-point cut this time ...

The Fed cut interest rates by a quarter point, as expected, but there were dissents in the final vote. If we look all together, we expect two rate cuts next year, which is one more than the Fed. A ...

For the second time this year, the Federal Reserve on Wednesday decided to lower its key interest rate by a quarter of a percentage point. Federal Reserve Chair Jerome Powell noted during a briefing ...

The Federal Reserve on Oct. 29 announced a quarter percentage point rate cut, marking its second consecutive rate reduction. The move brings the Fed’s benchmark interest rate down to a range of 3.75% ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...