As it gauges which of the economic threats spawned by President Donald Trump's sweeping tariffs– high inflation or low employment– poses the biggest risk, the Federal Reserve seems to be playing it straight down the middle of the fairway. At a news conference May7 after the Fed held interest rates steady, Chair Jerome Powell repeatedly said officials can afford…
Economic News
WASHINGTON- Federal Reserve Chairman Jerome Powell announced no changes to interest rates. No word from President Donald Trump yet but he's publicly bashed the Federal Reserve for refusing to lower interest rates, something he argues would spur the U.S. economy. A 145% tariff on all Chinese imports has rattled Wall Street and Main Street but the Trump…
Federal Reserve and Trade Deal. Keep in mind that the Federal Reserve doesn’ t seem to know when it’ s going to loosen monetary policy, something that would help gold over the longer term as it should weaken the US dollar. Because the Federal Reserve may stay tighter for longer, it means that the US dollar may strengthen.
The Federal Reserve held its benchmark interest rate steady on Wednesday, maintaining the current range of 4.25% to 4.5% for a third consecutive meeting as officials signaled growing concerns over economic uncertainty. While acknowledging that economic uncertainty has risen, the Fed said the U.S. economy continues to expand steadily.
WASHINGTON- Federal Reserve Chairman Jerome Powell announced no changes to interest rates. No word from President Donald Trump yet but he's publicly bashed the Federal Reserve for refusing to lower interest rates, something he argues would spur the U.S. economy. A 145% tariff on all Chinese imports has rattled Wall Street and Main Street but the Trump…
The SEC complaint, filed April 29 in U.S. District Court for the Eastern District of Texas, charges Kenneth W. Alexander II, of Fort Worth; Robert D. Welsh, of Frisco; and Caedrynn E. Conner, of Heath, with violating antifraud and registration provisions of federal securities laws. The SEC is seeking civil penalties against the defendants and repayment of "ill-gotten…
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–President Donald Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady— bucking calls from the president to lower borrowing costs. "'Too Late' Jerome Powell is a FOOL, who doesn't have a clue," Trump wrote on his Truth Social platform. The Fed cut rates three times in the back half of 2024..
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Officials on Thursday identified the 14- year-old boy who was shot to death this week in downtown Minneapolis near the Federal Reserve Bank building. Thor William Wagaman Walsh, of Minneapolis, suffered multiple gunshot wounds Monday night and was declared dead less than 20 minutes later at HCMC, the Hennepin County Medical Examiner’ s Office said.
The average rate on a 30- year mortgage in the U.S. held steady this week, not far from its highest levels this year, but below where it was a year ago. Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys, the Federal Reserve’ s interest rate policy decisions and bond market investors’ expectations about the economy and…
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The Federal Reserve held interest rates steady on Wednesday amid fears that President Trump's tariffs will rekindle inflation and slow economic growth. Since the central bank's last rate-setting meeting in March, Trump has imposed 10 percent tariffs on nearly everything the U.S. imports, along with 145 percent import taxes on goods from China.
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BlackRock TCP Capital Corp., a business development company, today announced its financial results for the first quarter ended March 31, 2025 and filed its Form 10- Q with the U.S. Securities and Exchange Commission. On a GAAP basis, net investment income for the quarter ended March 31, 2025 was $32.2 million, or $0.38 per share on a diluted basis, which exceeded…
Here are the top stories you need to know to start your day, including Illinois becoming one of the first states to protect medical records regarding autism, a plan to appoint Mayor Brandon Johnson’ s chief of staff as the interim head of CPS and Chicago Stars strike Mallory Swanson shares why she "s been out so far this season. Federal Reserve leaves key rate…
–The Federal Reserve said Wednesday it would hold interest rates unchanged as it warned about the potential for higher unemployment and higher inflation as a result of President Donald Trump's trade plans. "If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and…
