Fed Chair Powell said current rates put officials in a position to take a ‘wait-and-see’ approach to assess the impacts of the tariffs. On Wednesday, The U.S. Federal Reserve said it will maintain the federal funds rate at 4.25 percent to 4.5 percent amid widespread concerns over sweeping tariffs on major U.S. trading partners. This […]

It’s still uncertain how Donald Trump’s additional tariffs would impact inflation, Powell said. On Wednesday, the U.S. Federal Reserve cut interest rates a quarter point in a widely-anticipated move. However, the central bank indicated there would be fewer cuts next year, as it braces for uncertainty stemming from the incoming Donald Trump administration’s policies. RELATED: […]

Wall Street plummeted with drops of over 1,000 points in the Dow Jones Industrial Average and the Nasdaq. Taking advantage of the stock market crash on Monday, Republican candidate Donald Trump said that the markets are rejecting the candidacy of Vice President Kamala Harris. RELATED: Kamala Harris Wins Enough Delegate Votes to Secure Democratic Nomination […]