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Richmond Fed launches center to support rural economies
The Federal Reserve Bank of Richmond launched the Center for Rural Economies last week, a research and convening hub.
Former Richmond Fed President Broaddus dies at 86
J. Alfred “Al” Broaddus, Jr., former president of the Federal Reserve Bank of Richmond died Sunday, Oct. 26, in his hometown of Richmond.
Amazon hoists Wall Street toward another winning week and month
Amazon shares surged 11%, lifting the S&P 500 closer to a record high as Wall Street capped its sixth straight winning month.
U.S. mortgage rates fall to lowest level in a year
The average 30-year mortgage rate dropped to 6.17%, its lowest in over a year, boosting refinancing and homebuying demand.
Stocks slip from records amid trade, tech earnings news
U.S. stocks fell from record highs as investors weighed U.S.-China trade talks and mixed Big Tech earnings from Meta and Microsoft.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Rallies for PayPal and UPS lead US stocks toward more records
NEW YORK (AP) — The U.S. stock market is ticking further into record heights on Tuesday. The S&P 500 added 0.4% in late trading. The Dow Jones Industrial Average was up 265 points, or 0.6%, with a little less than an hour remaining in trading, and the Nasdaq composite was 1% higher. All three indexes are coming […]
Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
Wall Street rallies to more records as gold’s price slumps again
U.S. stocks surged to record highs as investors awaited a Trump-Xi meeting and the Federal Reserve’s next interest rate decision.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate dropped to 6.19%, its lowest since October 2024, as inflation and Fed policy ease pressure.
US inflation stays elevated but prices rose less than feared last month
U.S. inflation hit 3% in September, led by higher gas and beef prices, as tariffs and rent costs shaped a mixed economic outlook.
Gold plunges $250 after hitting record high
Gold prices tumbled more than $250 Tuesday after hitting a record $4,374 per ounce, marking the biggest drop since 2011.
