Economic News

Federal Reserve leaves benchmark rate as is. WASHINGTON— The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump might pursue. DERAILMENT SETTLEMENT: According to an…

Consumer prices, a gauge closely watched by the Federal Reserve, rose in December in line with analysts' expectations, the Bureau of Economic Analysis said Friday. The BEA reported U.S. personal income was up $92 billion, increasing by a 0.4% monthly rate in December. In remarks Friday at the New England CEO Summit in Portsmouth, New Hampshire, Fed Governor Michelle…

—An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico, potentially affecting everything from autos to avocados, which could push…

FLORENCE— The Birmingham Branch Board of the Federal Reserve Bank of Atlanta has added two members from northwest Alabama. Larry E. Lewis Jr., president of PROJECTXYZ, Inc., and Michael D. Ross, president and chief executive officer of CB&S Bank in Russellville, have been appointed to three-year terms that last through Dec. 31, 2027. Lewis also has been chief…

The ECB's decision stands in contrast to the latest move by the US Federal Reserve. The ECB had previously hiked borrowing costs aggressively to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy falters. After the ECB's rate call, central bank chief Christine Lagarde warned the single currency…

–A credit-rating agency warned that inflation could remain above the Federal Reserve's 2% target because of uncertainty about President Donald Trump's economic policies. "Across U.S. public finance, most sectors will experience stable credit quality in 2025," the S&P report noted. Decisions at the federal level under could also affect credit for U.S. states.

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–The Federal Reserve held interest rates steady on Wednesday after price increases ticked up over the last three months, suggesting inflation may still have some life in it. "The Federal Reserve has decided to pump the brakes… with inflation lingering at around 3 percent and strong jobs numbers in recent months," Joe Gaffoglio, head of Mutual of America Capital…

The U.S. Securities and Exchange Commission (SEC) has won a partial victory in its lawsuit against Kraken. While California federal judge William Orrick dismissed some of Kraken’s primary arguments, the ruling has sparked discussions about its potential impact on other crypto exchanges facing similar legal scrutiny. One of Kraken’s central arguments relied on the “key questions doctrine,” […]

–As widely expected, the US Federal Reserve kept US interest rates unchanged.– This event did not significantly alter the performance of the EUR/USD currency pair, which remained stable within a range between the support level of 1.0383 and the resistance level of 1.0443, before settling around 1.0415 at the time of writing this analysis.– This is ahead of the next…

The US dollar rallied a bit during the early hours on Wednesday and then rose even further after the Federal Reserve meeting. Ultimately, this is a pair that I’ ve been watching a lot recently, due to the fact that the Swiss National Bank has been so dovish, while the Federal Reserve remains very steady and even in its hawkish behavior. The Federal Reserve had its…

The GBP/USD pair was flat after the Federal Reserve left interest rates unchanged in its first interest rates of the year. Federal Reserve rates and US GDP data. The GBP/USD pair wavered after the Federal Reserve made its first interest rate decision of the year.

The AUD/USD exchange rate dropped sharply as odds of interest rate cuts by the Reserve Bank of Australia rose. It dropped from this week’ s high of 0.6328 to a low of 0.6225 also after the Federal Reserve interest rate decision. Australia inflation data and Fed decision.

Its a busy time in the Forex market with 3 central bank meetings in the space of just 24 hours, with the Fed holding while Canada cuts and the Eurozone is likely to follow suit. Fed Chair Jerome Powell made it clear that the Fed is in a "wait and see" position as President Trump begins to implement his economic policies which might produce some radical changes in the…

The Commerce Department reported Thursday that gross domestic product— the economy's output of goods and services— expanded at a 2.3% annual rate from October through December. President Donald Trump has inherited a healthy economy. On Wednesday, the Federal Reserve left its benchmark interest rate unchanged after making three cuts since September.

—The European Central Bank cut its key interest rate on Thursday to boost an economy that’ s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany. The cut comes a day after the U.S. Federal Reserve held off on reducing rates, underlining the contrast…

NEW YORK- U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September. While Wall Street would almost always prefer lower interest rates, "we would continue to focus on why the Fed won't cut anytime soon, specifically a strong economy…

WASHINGTON- The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate. The decision and Powell's comments put Fed policy in a holding pattern at a time when the U.S. economic landscape seems both stable and wildly uncertain-…

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