Joseph Sternberg wonders what the Federal Reserve is thinking (“Does the Fed Even Know What It’s Trying to Do?” Political Economics, Dec. 20). The problem is that the Fed believes it knows what it is doing, even when it is off the mark. Fake ...

It should embrace clear monetary-policy rules and explain its reasoning for departing from them.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

The Fed cited indicators of an expanding economy and an easing labor market after its other rate cuts. This is the third time rates have been cut this year, but economists don’t expect as many cuts in 2025.

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and rate cuts. Economists expect that the average prediction will be three rate cuts in 2025, fewer than were expected when they last published their expectations in September.

The Federal Reserve is being sued by several groups representing America's biggest banks on allegations that the Fed's annual capital "stress tests" violate US law.

The Federal Reserve's policy committee kicked off its two-day meeting Tuesday amid expectations the central bank will cut interest rates for the third straight time. Here's what you need to know.

The Federal Reserve is expected to lower interest rates again, marking the third cut since September as it faces inflation and political changes.

Gold rose on Thursday in light holiday trading, boosted by safe-haven demand due to geopolitical tensions, with investors eying the Federal Reserve's 2025 rate strategy and Donald Trump's tariff policies,

SHANGHAI: China’s yuan hovered near a 13-month low in holiday-thinned trading on Thursday, not far from breaching