Last week, Adriana Kugler, one of the seven members of the Federal Reserve Board of Governors, announced her resignation.

San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market ...

Prices could tick higher in 2025 as businesses pass tariff costs onto consumers, Cleveland Fed's Beth Hammack tells CBS News.

Following Friday's jobs report, the probability of a September interest rate cut from the Fed surged to 67%, up from just 38% ...

U.S. stocks ended sharply higher on Monday, as investors responded to growing expectations of a Federal Reserve interest-rate cut in September. Stocks rebounded from a selloff Friday that was driven ...

The president has not commented on his policy priorities—including immigration, government efficiency, trade, and AI ...

The S&P 500 jumped 1.3% in afternoon trading to claw back more than two thirds of Friday's drop. The Dow Jones Industrial ...

A dismal July jobs report has lifted expectations for fall rate cuts. But just how low could the fed funds rate be by year's ...

Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver ...

Meanwhile, when the Fed decides to raise rates, it usually has the inverse effect, in that it will typically lead interest rates on credit cards, auto loans and variable rate mortgages to go up. The ...

The Fed has taken a lot of heat for not cutting interest rates this year, but there's an overlooked opportunity amid high ...

The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.