Federal Reserve

Workers refuel the tank at a gas station in Jiddah, Saudi Arabia, Tuesday, Sept. 17, 2019.
Amr Nabil/AP Photo
AP News
September 18, 2019 - 5:48 pm
Oil prices retreated for a second day Wednesday even as the Saudi military blamed Iran for recent attacks to critical oil infrastructure and U.S. Secretary of State Mike Pompeo called the strike an "act of war."
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Trump rips Federal Reserve as it mulls rate cut
CNN
July 31, 2019 - 10:37 am
By Donna Borak, CNN Business (CNN) -- The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history. The move would come despite a strong US economy. But some cracks are beginning to show:...
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A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too.
Spencer Platt/Getty Images
January 22, 2019 - 10:45 am
By Paul R. La Monica, CNN Business (CNN) -- A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too. About three quarters (73%) of investors expect a recession within the...
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Stock market attempts a bounceback
Seth Wenig/AP
December 26, 2018 - 10:20 am
By Sherisse Pham, CNN Business (CNN) -- The stock market is trying to rebound from a disastrous Christmas Eve. The Dow opened 150 points higher Wednesday. The S&P 500 rose 0.9% and Nasdaq was up about 1.3%. But all three quickly lost steam. Thin trading and a lack of news often send stocks...
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Donald Trump
Jacquelyn Martin/AP
December 25, 2018 - 1:43 pm
By Kevin Liptak (CNN) — In President Donald Trump's Christmas Day telling, the drugs are flowing over the border, the Federal Reserve is imperiling the economy and the Democrats are preparing to harass him with oversight requests. "It's a disgrace, what's happening in our country," Trump fumed,...
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Steven Mnuchin and President Donald Trump
Mandel Ngan/AFP/Getty Images
December 25, 2018 - 11:18 am
By Kevin Liptak, CNN (CNN) -- President Donald Trump said Tuesday he remains confident in his treasury secretary, a day after markets tanked on fears about the Federal Reserve and a peculiar call between Treasury Secretary Steve Mnuchin and bank CEOs. "Yes I do," Trump said when asked whether he...
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 A man walks past the day's losses, of Nikkei stock index, left, and of the Dow Jones Industrial Average, right, on an electronic stock board at a securities firm in Tokyo, Tuesday, Dec. 25, 2018.
Yohei Fukai/Kyodo News via AP
December 25, 2018 - 6:39 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's criticism of the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14...
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Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018.
Susan Walsh/AP Photo
December 24, 2018 - 1:40 pm
By Josh Boak, AP Economics Writer President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe. "The only problem our economy has is the Fed,"...
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A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Aug. 1, 2018.
AP Photo/Richard Drew
August 01, 2018 - 4:32 pm
NEW YORK (AP) — Apple is on pace for its biggest gain in a year and a half Wednesday as investors cheer its latest quarterly report, which included strong iPhone sales and a forecast that was better than expected. But other stocks are falling, with industrial and energy companies taking the worst...
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The federal funds rate, which helps determine rates for mortgages, credit cards and other borrowing, stands at a range of 1.5% to 1.75%. The Fed is expected to bump it up by a quarter of a percentage point.
Getty Images/Shutterstock/CNNMoney
June 11, 2018 - 5:20 pm
By Donna Borak (CNN Money) -- The Federal Reserve is poised to raise interest rates for the second time this year. The economy has started to roar: The unemployment rate is 3.8%, tied for the lowest since 1969. Wages are rising faster. And inflation has finally risen to the level the Fed considers...
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