NBC New York

Fed meeting recap: Powell says central bank to be ‘cautious' on rate cuts, rocking market

The Federal Reserve cut interest rates by a quarter point on Wednesday, bringing the target range to 4.25% to 4.5%. The central bank revised its outlook for rate cuts in 2025, however, indicating that ...
NBC Los Angeles

Fed meeting recap: Powell rules out a preemptive rate cut to blunt any tariff impact

The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that "the risks of higher ...
NBC Chicago

Fed meeting recap: Chair Jerome Powell defends central bank's decision to go big with first cut

The Federal Reserve surprised Wall Street with a half-point rate cut on Wednesday, bringing its target range to 4.75% to 5.00%. The decision was not unanimous, as Fed Governor Michelle Bowman called ...
NBC New York

Fed meeting recap: Powell ‘feeling good' about economy, says Trump can't legally fire him

The Federal Reserve trimmed interest rates by a quarter point, bringing the target rate range to 4.5% to 4.75%. Fed Chair Jerome Powell said he was "feeling good" about the economy. He also said he ...