The Federal Reserve slashed interest rates as expected Wednesday, but signaled fewer cuts than originally forecast for 2025 — sending the Dow spiraling more than 1,100 points. The Fed cut rates by 25 basis points to the 4.

WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions ...

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week against the backdrop of a cooling labor market and rental costs.

Federal government shutdowns can be disruptive, with thousands of workers furloughed and most of them not getting paid on time. Taxpayers won’t get calls returned, there may be longer lines at airports during one of the busiest travel weeks of the year and many national parks will close.

For the quarter, the Voya Large Cap Growth Fund underperformed its benchmark, the Russell 1000 Growth Index on a NAV basis. Click here to read the full commentary.

The Census Bureau estimates that the U.S. population grew by 8.5 million over the past four years, with immigrants making up the vast majority.

President-elect Donald Trump is picking from his most loyal supporters as he creates his Cabinet and appoints others to key roles within his administration.

Economists generally agree that broad tariffs on trade partners would lead to higher prices, with the burden falling on US businesses and consumers. This price increase could drive inflation higher, potentially disrupting the Fed's interest rate cuts and causing volatility in financial markets, thereby increasing economic uncertainty.

To do that, the government may have to issue debt, although some proponents of a bitcoin reserve say the United States could sell ... purchases with profits on Federal Reserve banks' deposits ...

Some U.S. colleges and universities are advising international students to return to campus before President-elect Donald Trump is inaugurated.