Federal Reserve

Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake" in hindsight.

The Labor Department reported that U.S. employers added 254,000 jobs in September, well above economists' expectations, while the unemployment rate declined to 4.1%.

An inflation measure closely tracked by Federal Reserve policymakers fell in August to 2.2% as inflation continued to trend closer to the central bank's target.

Blackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.

The Federal Reserve delivered a gift to investors with a jumbo rate cut and the promise of more to come. But will rates return to the record lows we saw during the pandemic?

Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming easing cycle that should lower borrowing costs for consumers and businesses.

Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, saying she would have preferred a smaller cut.

The Federal Reserve, as expected, cut interest rates by 50 basis points. For those carrying credit card debt, hoping for some relief, are likely to be out of luck.

Federal Reserve Chair Jerome Powell said at a press conference that the influx of migrants into the U.S. has contributed to the rise in the unemployment rate as they enter the labor market.

Federal Reserve Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the health of the labor market ahead of their rate cut decision.

"Everybody's happy" about the Federal Reserve's rate cut — at least in real estate — potentially opening the floodgates to more housing inventory and price competition.

The Federal Reserve cut interest rates for the first time in four years on Wednesday, which will directly impact auto loan rates — but don't expect a big change anytime soon.

The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers forecasting additional cuts amid progress in slowing inflation.

Potential homebuyers and sellers have been holding off on making a move amid elevated mortgage rates and sky-high prices. But will the Federal Reserve's rate cut make a difference?

FOX Business host Larry Kudlow evaluates the Federal Reserve's decision to slash interest rates on "Kudlow.'

The Federal Reserve cut interest rates, signaling that it has won the fight against inflation.

The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.

Ahead of the Federal Reserve announcing a cut to interest rates on Wednesday, some economists say the key driver to the high price of goods and costly living remains unchecked.

Two prominent economists warn that the Federal Reserve reversing course now would be a "disaster" for markets and the greater economy, as inflation may be higher than they think.

Interest rate cuts are top of mind for markets as the Federal Reserve's two-day September policy meeting begins Tuesday after Fed Chair Jerome Powell recently signaled cuts are coming.