Federal Reserve

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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Financial district in Manhattan
May 31, 2018 - 9:35 am
By Matt Egan and Danielle Wiener-Bronner (CNN Money) -- 1. Minting money: American companies are pulling in monster profits right now. A combination of faster economic growth, lower taxes and soaring oil prices are padding the bottom lines of large businesses. Call it the Great American Profit...
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Wells Fargo bank location in Philadelphia.
Credit: AP Photo/Matt Rourke, File
April 20, 2018 - 10:05 am
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly the victims of Wells Fargo's...
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