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Federal Reserve meeting on Wednesday; Analysts expect interest rate cut
News

Federal Reserve meeting on Wednesday; Analysts expect interest rate cut

  • AP
  • Updated Sep 18, 2024

Wall Street ticked slightly higher early Wednesday as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years.

Key takeaways from the Fed’s latest interest rate decision
Consumer Watch

Key takeaways from the Fed’s latest interest rate decision

  • By Bryan Mena, CNN
  • Updated Jun 12, 2024

Washington (CNN) â€� The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a …

The Fed is winning its battle against inflation. So why isn’t it cutting rates?
Consumer Watch

The Fed is winning its battle against inflation. So why isn’t it cutting rates?

  • By Elisabeth Buchwald, CNN
  • Jun 11, 2024

New York (CNN) â€� Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.â€� The Fe…

Consumer Watch

Interest rates are coming down in Europe. The Fed won’t follow yet

  • By Hanna Ziady, CNN
  • Updated Jun 6, 2024

London (CNN) â€� The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower bo…

Consumer Watch

Cleveland Fed taps Goldman Sachs veteran Beth Hammack as new president

  • By Bryan Mena and Elisabeth Buchwald, CNN
  • Updated May 29, 2024

Washington (CNN) â€� The Federal Reserve Bank of Cleveland announced Wednesday that Beth M. Hammack will be its next president and chief executi…

Dow falls more than 600 points, notching worst day of the year
Consumer Watch

Dow falls more than 600 points, notching worst day of the year

  • By Nicole Goodkind, CNN
  • Updated May 23, 2024

New York (CNN) â€� The Dow tumbled by more than 600 points Thursday, notching its worst day of 2024, as all three major indexes closed lower. Th…

Consumer Watch

China unveils ‘historic� rescue for crisis-hit property sector as home prices slump again

  • By Laura He, CNN
  • May 17, 2024

Hong Kong (CNN) â€� China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the countr…

First images of British banknotes featuring King Charles III unveiled
News 3 This Morning

First images of British banknotes featuring King Charles III unveiled

  • By Lauren Kent, CNN Business
  • Dec 20, 2022

The first images of banknotes featuring Britain's King Charles III were unveiled on Tuesday by the Bank of England.

The Fed lifts rates by half a point, acknowledging that inflation is easing
News

The Fed lifts rates by half a point, acknowledging that inflation is easing

  • By Nicole Goodkind, CNN
  • Dec 14, 2022

The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that…

When will price increases end? Probably never
News

When will price increases end? Probably never

  • By Nicole Goodkind, CNN Business
  • Aug 17, 2022

A dollar just isn't worth what it used to be.

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