Economic News

Today, House Budget Committee Chairman Jodey Arrington released the following statement on the Federal Reserve's decision to lower interest rates:. "Let's not forget, the Federal Reserve had to raise interest rates an alarming eleven times during the Biden presidency to extinguish the inflationary firestorm created by Democrats' record deficit spending,…

The Federal Reserve cut interest rates Wednesday by 0.25%, its third successive cut, as hiring woes overtake inflation fears as the central bank’ s main concern. It’ s still not aggressive enough for a White House that wants bold action from the central bank and a soon-to-be-named successor to Mr. Powell. Mr. Trump said even lower rates would jump-start the economy…

WASHINGTON- The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as the U.S. central bank looks for clearer signals about the direction of the job market and inflation that "remains somewhat elevated." In a press conference following the release of the FOMC…

–The Federal Reserve on Wednesday again cut interest rates, just ahead of the Christmas holiday. Wednesday was the Fed’ s third consecutive rate cut since September, which marked the beginning of the first cutting cycle since December 2024. Federal Reserve Chair Jerome Powell said at an economic symposium in August that the central bank weighs multiple…

Granite Real Estate Investment Trust announced today its intention to voluntarily delist its trust units from the New York Stock Exchange and to thereafter voluntarily deregister from its reporting obligations under the United States Securities Exchange Act of 1934. Granite’ s listing on the Toronto Stock Exchange will be unaffected by the delisting…

The Federal Reserve continues to lower interest rates to perhaps pump some more energy into an economy with weak spots. In fact, bond market participants are currently betting we get fewer rate cuts from central banks come 2026, which is putting some immediate upward pressure on, for instance, the rate on the 10- year U.S. Treasury. For more on what to look out for, "…

The Federal Home Loan Bank of Dallas and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. FHLB Dallas and Red River Bank held a series of ceremonial check celebrations December 8-9 at several…

—The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut. Three of the big five banks cut their savings account rates since the last Fed rate cut in October, according to Ken Tumin,…

Chairman Rand Paul of the Senate Homeland Security and Governmental Affairs Committee, released a new report exposing the Federal Reserve's use of Interest on Reserve Balances. The report is based on over 40,000 pages of documents Chairman Paul obtained from the Federal Reserve detailing IORB payments for every two-week period from July 2013 through July…

The Federal Reserve cut its key interest rates by a quarter-point Wednesday, but whether it will help the slow-moving California economy and give consumers a meaningful boost is questionable. The accumulated savings from the Fed’ s moves are starting to add up to real money,” said Matt Schulz, chief consumer finance analyst at LendingTree, which tracks interest…

CEDAR FALLS– Kaye Englin, president and CEO of the Community Foundation of Northeast Iowa, will serve as a panelist at the Federal Reserve Bank of Chicago's 39th Annual Economic Outlook Symposium on Friday, Dec. 12. Englin will participate in a panel discussion titled "Chicago Fed Contact Experiences in 2025," moderated by Steve Edwards, executive vice president…

—Federal Reserve cuts key interest rate but signals higher bar for future reductions.

The U.S Fed is expected to cut its Federal Funds Rate by 25 basis points in a handful of hours. While some analysts claim the Fed will have to remain very cautious about the potential for future interest rate cuts, it needs to be pointed out that a power shift in the Federal Reserve will develop in the next two months rapidly, this as Jerome Powell exits the Chairman’ s…

But for Federal Reserve, the purpose of its monetary policy is mandated by Congress. The Fed itself refers to these two objectives regularly in its Federal Open Market Committee statements announcing its monetary policy decisions. Miran is correct that Congress has tasked the U.S. central bank with all three of these objectives, but that's not the whole story.

—The U.S. stock market neared its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026. The rate cut was widely expected, but investors said comments from Fed Chair Jerome Powell may have been less harsh about closing off the possibility of future cuts than Wall Street had…

—The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. Chair Jerome Powell signaled at a news conference that the Fed would likely hold off on further rate cuts in the coming months while it evaluated the health of the economy.

The Federal Reserve plans to announce its latest take on interest rates Wednesday, with financial markets anticipating a small cut. Whether a reduction will help the slow-moving California economy and give consumers a meaningful boost is questionable. The Fed has cut rates twice already this year, and is expected to lower its target rate, now a range of 3.75% to…

U.S. stocks largely held in place as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading. JPMorgan Chase was the heaviest weight on the market after a top executive said the bank’ s expenses could rise about 9% next year. Treasury yields climbed following an update on U.S. job openings.

These last few weeks have seen the price of gold increase significantly as uncertainty surrounding the Fed’s monetary policy grows. The Federal Reserve is expected to give guidance for this precious metals’ market, as its price rose to about $4,200 per ounce. This comes as expectations of a reduction in interest rate increase.  For now, the gold […]