A federal judge has rejected a request by an ally of President Trump to force the opening of this week’s Federal Open Market Committee (FOMC) meeting to the public. Bloomberg reports James Fishback’s investment firm Azoria Capital sued the Federal Reserve and its...
The Federal Reserve ignored President Trump’s exhortations to cut rates and opted to maintain the target range for the federal funds rate at 4.25% to 4.5%. “Although swings in net exports have affected the data, recent indicators suggest that economic activity has...
The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
The Federal Reserve has opted to neither lower nor raise the federal funds rate, which remains in the 5.25% to 5.5% range. In making its decision, the central bank’s policy making Federal Open Market Committee cited its longstanding goals of achieving maximum...
Federal Reserve Chairman Jerome Powell confirmed that the central bank will cut rates, but stopped short of offering a possible timeline on when rates will come down. In prepared remarks delivered today before the U.S. House Financial Services Committee, Powell noted...
China’s Property Investment Plunges 20.6% as Housing Crisis Deepens
