INSIDER
Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this year
Read full article: Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this yearThe Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe economic downturn.
Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias
Read full article: Fed's Powell repeats warning about tariffs as some GOP senators accuse him of biasFederal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.
Fed Chair testifies before Congress on economy
Read full article: Fed Chair testifies before Congress on economyThe Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Donald Trump’s calls for immediate cuts.
Wall Street ends mixed after the Fed says it's still waiting to see the effects of Trump's tariffs
Read full article: Wall Street ends mixed after the Fed says it's still waiting to see the effects of Trump's tariffsU.S. stocks drifted to a mixed finish after the Federal Reserve indicated it may cut interest rates twice this year, though it’s far from certain about that.
Wall Street recovers from Friday's shock as US stocks rise and oil prices ease
Read full article: Wall Street recovers from Friday's shock as US stocks rise and oil prices easeCalm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
The number of Americans filing for jobless claims last week remains at the highest level in 8 months
Read full article: The number of Americans filing for jobless claims last week remains at the highest level in 8 monthsU.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers.
The number of Americans filing for jobless benefits last week rises to highest level in eight months
Read full article: The number of Americans filing for jobless benefits last week rises to highest level in eight monthsFilings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy.
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
Read full article: Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandalThe Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.
Trump meets with the Federal Reserve chairman he has repeatedly scorned
Read full article: Trump meets with the Federal Reserve chairman he has repeatedly scornedPresident Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.
More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs
Read full article: More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffsFilings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
US filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingers
Read full article: US filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingersThe number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy.
US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty
Read full article: US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertaintyU.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy.
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
Read full article: Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this yearThe 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.
Wall Street rises on hopes for trade deals that could forestall a recession
Read full article: Wall Street rises on hopes for trade deals that could forestall a recessionU.S. stocks rose after the United States and United Kingdom announced a deal on trade that would lower some tariffs between the two countries.
Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady
Read full article: Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steadyU.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy.
Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
Read full article: Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemploymentThe Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.
Why Trump's call for the Fed to cut interest rates may not help consumers
Read full article: Why Trump's call for the Fed to cut interest rates may not help consumersPresident Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers.
Wall Street's rally roars into a 3rd day as companies' profits keep piling up, for now at least
Read full article: Wall Street's rally roars into a 3rd day as companies' profits keep piling up, for now at leastU.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Dow drops 1,000 points amid trade war fears and Trump-Powell rift
Read full article: Dow drops 1,000 points amid trade war fears and Trump-Powell riftWall Street weakened as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.
Federal Reserve could be in 'difficult' spot with higher prices, slower hiring
Read full article: Federal Reserve could be in 'difficult' spot with higher prices, slower hiringThe prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting.
Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision
Read full article: Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decisionU.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.
'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week
Read full article: 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this weekThe Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.
February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend
Read full article: February US wholesale prices unchanged showing inflation easing, though trade wars threaten trendU.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now.
US employers add a solid 151,000 jobs last month though unemployment up to 4.1%
Read full article: US employers add a solid 151,000 jobs last month though unemployment up to 4.1%U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war, purges the federal workforce and promises to deport millions of immigrants.
Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
Read full article: Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 monthsApplications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years.
Second estimate of US growth confirms a 2.3% annual pace expansion in fourth quarter
Read full article: Second estimate of US growth confirms a 2.3% annual pace expansion in fourth quarterThe American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.
Inflation, looming trade war take a toll as confidence of the U.S. consumer tumbles
Read full article: Inflation, looming trade war take a toll as confidence of the U.S. consumer tumblesU.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Read full article: Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively lowSlightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range.
Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts
Read full article: Federal Reserve officials see risks of higher inflation ahead, support pause in rate cutsFederal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged.
December wholesale prices up a hot 0.4% as fight against inflation appears to have stalled
Read full article: December wholesale prices up a hot 0.4% as fight against inflation appears to have stalledU.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates this year.
LIVE: Federal Reserve Chair Jerome Powell to testify before House Committee on Monetary Policy Report
Read full article: LIVE: Federal Reserve Chair Jerome Powell to testify before House Committee on Monetary Policy ReportThe House Financial Services Committee will hold a hearing Wednesday morning on “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Stock market today: Wall Street holds firm following Trump's latest tariffs
Read full article: Stock market today: Wall Street holds firm following Trump's latest tariffsWall Street held relatively firm following President Donald Trump’s latest tariff escalation and after the Federal Reserve hinted interest rates may not change for a while.
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
Read full article: Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly declineThe average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.
US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy
Read full article: US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthyU.S. job openings fell in December, a sign that the labor market is cooling but remains healthy.
Former Federal Reserve adviser indicted and arrested for alleged espionage in dealings with China
Read full article: Former Federal Reserve adviser indicted and arrested for alleged espionage in dealings with ChinaFederal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China.
US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
Read full article: US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong directionAn inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
Read full article: Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season.
Fewer Americans apply for jobless benefits last week as labor market shows continued strength
Read full article: Fewer Americans apply for jobless benefits last week as labor market shows continued strengthThe number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong.
Watch Live: Federal Reserve Chair Jerome Powell holds press conference
Read full article: Watch Live: Federal Reserve Chair Jerome Powell holds press conferenceFollowing the Federal Open Market Committee’s 2-day meeting, at 2:30pm, Federal Reserve Chair Jerome Powell is expected to hold a press conference.
Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady
Read full article: Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steadyU.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September.
Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump
Read full article: Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on TrumpThe Federal Reserve left its key 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 may pursue.
Stock market today: Nvidia and other tech stocks win back some of Monday's sharp losses
Read full article: Stock market today: Nvidia and other tech stocks win back some of Monday's sharp lossesRebounding tech stocks drove U.S. indexes higher a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.
Federal Reserve expected to stand pat on rates even as Trump demands cuts
Read full article: Federal Reserve expected to stand pat on rates even as Trump demands cutsThe Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
Trump says he will 'demand' that interest rates come down, but it won't be that simple
Read full article: Trump says he will 'demand' that interest rates come down, but it won't be that simplePresident Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
Federal Reserve says it will leave climate change organization
Read full article: Federal Reserve says it will leave climate change organizationThe Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
Why are interest rates rising when the Fed has been cutting them?
Read full article: Why are interest rates rising when the Fed has been cutting them?The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records.
JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024
Read full article: JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.
US inflation picked up in December but underlying price pressures eased
Read full article: US inflation picked up in December but underlying price pressures easedU.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit.
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
Read full article: Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increaseThe average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Read full article: Federal Reserve officials at December meeting expected slower pace of rate cuts aheadFederal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
Federal Reserve's preferred inflation gauge shows price pressures eased last month
Read full article: Federal Reserve's preferred inflation gauge shows price pressures eased last monthAn inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains.
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Read full article: Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertaintyDonald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.
US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
Read full article: US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.
Retail sales rose at healthy pace last month in latest sign of US economy's health
Read full article: Retail sales rose at healthy pace last month in latest sign of US economy's healthConsumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.
Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meeting
Read full article: Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meetingU.S. stock indexes drifted through mixed trading ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year.
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Read full article: US wholesale inflation accelerated in November in sign that some price pressures remain elevatedWholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.
Stock market today: Wall Street hits more records following a just-right jobs report
Read full article: Stock market today: Wall Street hits more records following a just-right jobs reportU.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation.
US added a strong 227,000 jobs in November in bounce-back from October slowdown
Read full article: US added a strong 227,000 jobs in November in bounce-back from October slowdownAmerica’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls.
Powell: Fed's independence from politics is vital to its interest rate decisions
Read full article: Powell: Fed's independence from politics is vital to its interest rate decisionsChair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome.
A top Fed official leans toward December rate cut but says it depends on economic data
Read full article: A top Fed official leans toward December rate cut but says it depends on economic dataA top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
US consumer price increases accelerated last month with inflation pressures resilient
Read full article: US consumer price increases accelerated last month with inflation pressures resilientConsumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled.
Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
Read full article: Number of Americans filing for jobless benefits falls again and hovers near 7-month lowsThe number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
Read full article: Federal Reserve officials signal cautious path for rate cuts amid still-high inflationWith inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Read full article: Powell says Fed will likely cut rates cautiously given persistent inflation pressuresChair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
The number of Americans filing for jobless claims falls to lowest level in 6 months
Read full article: The number of Americans filing for jobless claims falls to lowest level in 6 monthsThe number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels.
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
Read full article: Trump's economic agenda for his second term is clouding the outlook for mortgage ratesDonald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Frustrated Americans await the economic changes they voted for with Trump
Read full article: Frustrated Americans await the economic changes they voted for with TrumpFed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president.
Slightly more Americans apply for unemployment benefits last week, but layoffs remain at low levels
Read full article: Slightly more Americans apply for unemployment benefits last week, but layoffs remain at low levelsThe number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
Read full article: Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyThe Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
Average rate on a 30-year mortgage in the US rises for fifth straight week
Read full article: Average rate on a 30-year mortgage in the US rises for fifth straight weekThe average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.
US applications for jobless benefits fall, but continuing claims rise to highest level since 2021
Read full article: US applications for jobless benefits fall, but continuing claims rise to highest level since 2021The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years.
Wealthier Americans are driving retail spending and powering US economy
Read full article: Wealthier Americans are driving retail spending and powering US economyIt’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace.