interest rate

Federal Reserve Chair Jerome Powell Holds A News Conference Following The Federal Open Market Committee Meeting

'The time has come' to lower interest rates: Fed Chair Jerome Powell

11:06am August 23, 2024

Federal Reserve chairman Jerome Powell signaled that he's increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.

Queue Listen Now

Inflation ticked up in December, with prices rising 3.4% from a year ago.

Economy

As car insurance continues to rise, U.S. inflation ticks up in December

9:13am January 11, 2024

by Scott Horsley

Overall CPI in December was up 3.4% from a year ago. The cost of motor vehicle insurance rose 1.5% in December from November, marking a 20.3% increase compared to the previous year.

Federal Reserve Board Chairman Jerome Powell and his colleagues opted to pause interest rate hikes at their meeting Wednesday.

Economy

Taking a breather: Fed holds interest rates steady in patient battle against inflation

7:29pm June 14, 2023

by Scott Horsley

After 10 straight rate hikes, the Federal Reserve left interest rates unchanged Wednesday, but hinted that additional rate hikes are possible if inflation remains stubbornly high.

Queue Listen Now

The FDIC normally insures deposits up to $250,000. It made an exception when Silicon Valley Bank and Signature Bank collapsed, guaranteeing all deposits at both banks.

Economy

Will the FDIC's move to cover uninsured deposits set a risky precedent?

11:53am March 14, 2023

by Arezou Rezvani

Some say the decision to guarantee deposits beyond the typical $250,000 limit was necessary to keep the financial system stable. Others argue this sets a bad precedent if other banks run into trouble.

Queue Listen Now