Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week.

"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.

Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week ...

Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: The slide comes after Powell signaled the Fed is in ...

Federal Reserve Chair Jay Powell said the central bank does not need to be 'in a hurry' to lower interest rates, and that the ...

The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.

Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested ...

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...

At least for now. Trump, who appointed Powell as Fed chair, weighed firing him in a disagreement over interest rates in 2018.