Please ensure Javascript is enabled for purposes of website accessibility

Federal Reserve

May 7, 2025

Fed holds interest rate at 4.3% amid tariff and inflation uncertainty

The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
May 7, 2025

Fed holds rates steady amid tariff-driven inflation risk

The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.

May 7, 2025

Wall Street gains ground as China shores up its economy ahead of trade talks with the US

Stocks fluctuated as China rolled out new economic support and U.S. trade talks loom, while tech shares and tariff worries pressured markets.

May 5, 2025

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.

May 5, 2025

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production

Wall Street dips as oil falls to a 4-year low and Warren Buffett announces plans to step down. Tech and energy stocks lead market declines.

May 2, 2025

U.S. adds 177K jobs despite trade war, hiring slows

U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Apr 30, 2025

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

Apr 30, 2025

US inflation cools and Americans step up spending as they brace for tariff impact

Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.

Trader Michael Milano works on the floor of the New York Stock Exchange, Wednesday, April 23, 2025. (AP Photo/Richard Drew)
Apr 23, 2025

Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed

U.S. stocks rose as Trump eased pressure on the Fed and hinted at lower China tariffs, boosting tech shares and calming markets after sharp swings.

Apr 23, 2025

Stock market today: Markets bounce after Trump says he won’t try to fire Fed Chair Powell

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9% before the bell Wednesday, while S&P 500 futures rose 2.6%. Nasdaq futures climbed a full 3%. Trump, […]

RiverFront Investment Group's Kevin Nicholson (L) and Federal Reserve Bank of Richmond President and CEO Tom Barkin spoke about economic conditions during the RVA Big Dipper Innovation Summit in Richmond on April 22, 2025. Photo courtesy JMI.
Apr 22, 2025

Tariffs, policy shifts cloud economic outlook, Barkin says

Richmond Fed President Tom Barkin says U.S. economy looks solid by data, but tariff policies and uncertainty are clouding forecasts and business confidence.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Apr 22, 2025

Trump says he has ‘no intention’ of firing Federal Reserve chair

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.