The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Bitcoin began the year by hitting a new all-time high of $109,588 on January 20, ending with a return of over 11.00% in the month. According to Bitcoin’s historical data, BTC generally yielded the third-highest returns for traders in February, averaging 15.66%. Traders could expect an optimistic boost in the next month.
One great habit to fall into is tracking your spending with a budget. In 2024, a good 90% of Americans were following a budget, according to Debt.com, and 89% say that budgeting has helped them get out or stay out of debt. So if budgeting isn’t something you do, you may want to change your ways.
Many of the executive actions related to bitcoin and crypto were wish-list items the industry has been pushing for.
Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a position soon to be vacated by Michael Barr. But while Bowman is the administration's most straightforward option,
Capital One's five-day interruption, President Trump's planned dismantling of the Consumer Financial Protection Bureau and more this month.
Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed failed to stop the problem they created with Inflation,
The chaos and confusion spurred by this week's order freezing federal funding may influence how different parts of the housing market operate.
Fed Chair Jerome Powell says, “We do not need to be in a hurry to adjust our policy stance.”
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
U.S. economic growth likely slowed in the fourth quarter as imports surged and a strike at Boeing hurt spending on aircraft, though strong domestic demand will probably keep the Federal Reserve on a shallow interest rate cut path this year.