News
Federal Reserve keeps rates unchanged, projects one cut this year
1+ day, 3+ hour ago (252+ words) Federal Reserve officials expect the Iran War will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. Federal Reserve officials expect the Iran War will worsen inflation this…...
Who is Kevin Warsh, Trump's Federal Reserve chair nominee?
1+ mon, 2+ week ago (363+ words) President Donald Trump said Friday he will nominate Kevin Warsh to be the next chair of the Federal Reserve after Jerome Powell's term ends in May. Warsh, 55, was a member of the Fed's board from 2006 to 2011. He was the youngest…...
Stocks drop nearly 800 points after oil spikes to its highest price since the summer of 2024
2+ week, 5+ hour ago (743+ words) Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0.6% and erased what had been a small gain for the…...
How the Iran conflict could affect your wallet
2+ week, 1+ day ago (291+ words) Rising oil prices may mean higher costs and inflation pressure. Americans are already beginning to feel the financial impact of military action in Iran " starting with higher prices at the gas pump. But higher oil prices don't stop there. When…...
Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates
1+ mon, 3+ week ago (260+ words) Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates'wvtm13.com The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three…...
Despite Fed rate cuts, mortgage rates could still rise. Here's why
2+ mon, 2+ week ago (541+ words) The Federal Reserve cut interest rates by 25 basis points at its final meeting of 2025, but the 30-year fixed-rate mortgage remained high at 6.22%. The Federal Reserve cut interest rates by 25 basis points at its final meeting of 2025, but an expert says…...
"No choice but to raise prices" tariffs squeeze businesses as White House hails inflation data
7+ mon, 6+ day ago (232+ words) Inflation remained stable last month, according to new data from the U.S. Department of Labor, and the Consumer Price Index showed consistent price increases in July compared to June. Karoline Leavitt, the White House press secretary, said, "The America First economic…...
President Trump announces new tariffs amid rising inflation
5+ mon, 3+ week ago (197+ words) President Donald Trump has announced new tariffs on various products, including prescription drugs and home furnishings, set to take effect Wednesday. President Donald Trump announced new tariffs on a wide range of products, including prescription drugs and home furnishings, which…...
Wall Street drops to its worst day since April after Trump threatens more tariffs on China
5+ mon, 1+ week ago (748+ words) A monthslong calm on Wall Street shattered Friday and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. Related video above: Supreme Court begins new term, ready to examine Trump's reach of power Stocks had…...