TLDR Federal Reserve voted 9-2 to keep interest rates steady at 4.25%-4.5% despite pressure from President Trump for cuts Two Fed governors dissented for the first time since 1993, favoring rate cuts due to controlled inflation and potential labor market weakening Fed Chair Powell said no decisions made about September rate cut, reducing market expectations […] The post Fed Holds…
Vestcor Inc lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 134.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,242 shares of the real estate investment trust’s stock after acquiring an additional 19,663 shares…
Y Intercept Hong Kong Ltd bought a new stake in Trupanion, Inc. (NASDAQ:TRUP – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,518 shares of the financial services provider’s stock, valued at approximately $243,000.
WASHINGTON— Federal Reserve Chair Jerome Powell on Wednesday held firm against President Trump’ s unprecedented public pressure campaign to lower interest rates amid continued uncertainty over tariffs, but there are signs a cut could come in September. The Fed’ s monetary policy committee kept its benchmark rate steady at between 4.25 percent and 4.5…
In two years, the One Big Beautiful Bill passed by Republicans in Washington will require millions of low-income Americans to work, study or meet similar requirements to keep their health insurance. But in Arkansas and Georgia, the two states that tried such a requirement, the result has been a loss of coverage without a complementary increase in employment,…
President Donald Trump made a surprise visit to an unexpected place last week, touring the Federal Reserve’ s headquarters, where two buildings are currently under renovation. Trump then staged a bizarre photo op with the Fed chairman, Jerome Powell, and criticized Powell over the cost of the renovation before telling him to lower interest rates, which the Fed…
What's in a name? For Medicaid, maybe a lot. Why some states opt to hide the word "Medicaid" and what that could mean amid Trump's "Big Beautiful Bill."
Washington- The US Federal Reserve begins a new two-day meeting on interest rates with more pressure than ever from President Donald Trump on the institution’s leader, Jerome Powell, to "do the right thing" and reduce them. The previous meeting of the Fed’s Federal Open Market Committee took place last June 17-18 and, as it has been doing since the beginning of the…
The US Federal Reserve begins this Tuesday a new two-day meeting on interest rates with more pressure than ever from the president, Donald Trump, to the leader of the institution, Jerome Powell, to "do the right thing" and lower them. The previous meeting of the Fed’s Federal Open Market Committee took place on June 17-18 and, as it has been doing since the beginning of…
UnitedHealth Group announced this morning that it had updated its 2025 outlook to adjusted earnings of $16 per share, well below projections of approximately $30 per share the company made in December and below what Wall Street analysts were expecting. Second-quarter earnings from operations fell by almost 50%, from $4.0 billion in 2024 to $2.1 billion this…