Latest Federal Reserve System News
US inflation may have picked up in October after months of easing
WASHINGTON (AP) — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. Consumer prices are thought to have increased 2.6% from 12 months earlier, according...
Stock market today: Wall Street drifts lower as the Trump trade cools
NEW YORK (AP) — U.S. stocks drifted lower Tuesday as momentum cooled for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.3% a day after setting its latest all-time high. The Dow Jones Industrial Average...
Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000
NEW YORK (AP) — U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s reelection as president, but drops for some high-profile Big Tech stocks kept indexes in check. The S&P 500 edged up by 0.1%, coming off its best week of the year following...
How major US stock indexes fared Monday, 11/11/2024
Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to...
Stock market today: Wall Street cruises to more records as it closes its best week in a year
NEW YORK (AP) — U.S. stocks cruised to more records as they closed their best week in a year on Friday. The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average...
How major US stock indexes fared Friday, 11/8/2024
U.S. stocks coasted to the close of their best week in a year. The S&P 500 rose 0.4% Friday. The index posted its biggest weekly gain since early November 2023, and finished just shy of the 6,000 level. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite rose...
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. The rate cut follows a...
Stock market today: Most of Wall Street rises after the Fed cuts interest rates
NEW YORK (AP) — Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% to add to its surge from the day before following Donald Trump’s presidential victory. The Dow Jones Industrial...
How major US stock indexes fared Thursday, 11/7/2024
Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% Thursday. The Dow Jones Industrial Average was barely changed, and the Nasdaq composite gained 1.5%. The rate cut was widely...
Text of the policy statement the Federal Reserve released Thursday
WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased,...
