Jory Heckman is a reporter with Federal News Network and the host of All About Data, a biweekly radio show and podcast that features the work of chief data officers and the people who are making data ...

Most federal employees are set to start the new year making a little more cash after President Joe Biden signed an executive order Monday. The executive order, announced Monday by the White House ...

changes to the federal funds rate are passed through almost immediately. Historically, the prime rate has changed as frequently as the Fed adjusts its target rate, which can be several times a ...

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The tables below list the dates of Fed meetings when the FOMC changed interest rates, the size of each rate change in basis points—abbreviated as bps—and the resulting federal funds target ...

The bloated congressional funding bill that faced a mass Republican revolt aided by President-elect Donald Trump has been scrapped, House Majority Leader Steve Scalise confirmed Wednesday night ...

Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts ...

Marc Jones is a senior global markets correspondent based in London with a focus on economics, central banks, policymakers, and crises. Previously he worked in Frankfurt covering the European ...

Copyright 2025 The Associated Press. All Rights Reserved. The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year ...

The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.

On December 18, the Federal Reserve lowered its benchmark interest rate by 25 basis points, setting the new target range at 4.25% to 4.50%. How the federal funds rate works The Federal Open Market ...

lowering the benchmark rate by 25 basis points amid economic data showing that inflation remains above the central bank's target rate. With the 25-basis-point cut, the benchmark federal funds rate ...