interest rate

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ADP Jobs Report Contains a Shock
ADP Jobs Report
Contains a Shock
Dec 3, 2025 10:50 AM CST

ADP Jobs Report Contains a Shock

Small businesses account for nearly all of the job losses

(Newser) - The US labor market took an unexpected hit in November: Economists were anticipating 40,000 new jobs, but private payrolls actually shrank by 32,000 jobs, according to new data from ADP. This marks a sharp reversal from the prior month, when payrolls grew by a revised 47,000 jobs....

Americans Could Save $100B if Trump Caps Credit Card Rates

Vanderbilt research supports president's campaign promise, as do lawmakers of both parties

(Newser) - Americans would save roughly $100 billion a year in interest costs if President Trump's campaign proposal to cap credit card interest rates at 10% nationally is implemented, according to a paper published by Vanderbilt University on Thursday. Further, the paper finds that banks and credit card companies would be...

Fed's Powell Sticks to His Warning on Tariffs

As Trump says he has replacements in mind

(Newser) - Federal Reserve Chair Jerome Powell said Wednesday that President Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. On the second day of his twice-yearly testimony before the House and Senate, Powell said...

Fed Keeps Key Rate Steady Once Again

Decision came despite heavy pressure from Trump

(Newser) - As was expected—even by President Trump , who has been pushing hard for rate cuts—the Federal Reserve held its key interest rate steady on Wednesday. The central bank kept the rate in a range of 4.25% to 4.5%. It has been at the same rate since December,...

Trump: 'Stupid' Fed Chief Probably Won't Cut Rates

'He's a political guy who's not a smart person,' president says of Powell

(Newser) - The Federal Reserve is widely expected to keep its key interest rate steady today, and President Trump didn't wait for the announcement to attack Fed chair Jerome Powell. "So we have a stupid person. Frankly, you probably won't cut today," Trump told reporters outside the White...

Fed Holds Key Rate Steady Despite Pressure From Trump

Central bank cites risk of higher inflation

(Newser) - In a move that was widely expected—but is likely to draw more criticism from President Trump—the Federal Reserve held its key interest rate steady on Wednesday. The central bank kept the rate in a range of 4.25% to 4.5%, where it has been since December. The...

Fed Leaves Key Interest Rate Unchanged
Federal Reserve
Pauses Rate Cuts
Jan 29, 2025 1:20 PM CST

Federal Reserve Pauses Rate Cuts

Key rate left unchanged at first meeting of Trump's second term

(Newser) - After cutting its key interest rate at three meetings in a row, the Federal Reserve left it unchanged Wednesday. This was the first Fed meeting since President Trump took office, and while he has signaled that he wants lower rates, the vast majority of analysts weren't expecting a cut...

Suit: Capital One Scammed Customers Out of $2B

CFPB alleges bank deceived consumers on savings accounts with different interest rates

(Newser) - The Consumer Financial Protection Bureau has just taken on one of America's biggest banks. On Tuesday, the agency announced it has filed a lawsuit against Capital One, accusing the financial institution of deceiving customers about two of its savings accounts and swindling millions of consumers out of more than...

How Will Fed's 'Great News for the Middle Class' Affect You?

Unusually hefty half-point rate cut will mean possible relief on car loans, mortgages, credit cards

(Newser) - Borrowing over the past couple of years has been a painful prospect for Americans, as high interest rates meant to curb inflation kept consumer payments steep. Now, after the Federal Reserve made its unusually large half-point cut on Wednesday, leading to a key interest rate of between 4.75% and...

Federal Reserve Chooses Larger Interest Rate Cut

Key rate lowered by a half-point

(Newser) - The Federal Reserve, as had been almost universally expected, cut its key interest rate from a 23-year-high on Wednesday, dropping it by half a percentage point in what is likely to be the first in a series of cuts. There had been a lot of speculation over whether the Fed...

The Financial Question Driving Wednesday: How Big?

Whether the Fed will go with a 0.25% or 0.5% cut remains to be seen

(Newser) - Wednesday marks a long-awaited day: the Fed's first rate cut since the COVID pandemic began will likely be announced at 2pm ET. But while there is near-certainty a cut is coming to the current key interest rate of 5.3%, the size of the cut remains murkier.
  • CNN notes
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The Fed Just Got a Big High Sign to Cut Interest Rates

US inflation cools for 5th month in a row

(Newser) - The post-pandemic spike in US inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Wednesday's report from the Labor Department showed that consumer prices rose 2.5% in August from a year...

Federal Reserve Keeps Key Rate Unchanged

But central bank sees 'further progress' toward goal of reducing inflation to 2%

(Newser) - The Federal Reserve has held its key interest rate steady at a 23-year high for a year—and while it decided again on Wednesday to keep it unchanged, it signaled that a cut could be on the way soon. Fed-watchers weren't expecting a rate cut Wednesday, but they were...

New Inflation Numbers Signal an End to the Worst

Fed's favored inflation gauge remains low, signaling that it could cut interest rates in the fall

(Newser) - The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall. Prices rose just 0.1% from May to June, the Commerce Department said Friday, up from the...

Fed Holds Key Rate Steady for a 6th Time in a Row
Fed Says Key Rate
Will Stay at 23-Year High
UPDATED
May 1, 2024 2:17 PM CDT

Fed Says Key Rate Will Stay at 23-Year High

Powell cites lack of 'further progress' on taming inflation, says rate hike is 'unlikely'

(Newser) - This story has been updated with Powell's remarks. As widely expected, the Federal Reserve held its benchmark interest rate unchanged Wednesday for a sixth straight meeting at between 5.25% and 5.5%, the highest level since 2001. The central bank said it won't cut rates until it...

Long-Cautious Jamie Dimon Has Another Economic Warning

He sees the potential for interest rates to hit 8% or more

(Newser) - Some market watchers suspect the Fed won't cut rates at all in 2024. JPMorgan Chase CEO Jamie Dimon sees the potential for things to move sharply in the other direction. In an annual letter to JPMorgan Chase shareholders released Monday, Dimon warned that while he expects the US economy...

Those 3 Fed Rate Cuts Are Starting to Look Shaky

Friday's strong jobs report has economists adjusting their expectations

(Newser) - Fewer than three weeks ago, the Fed signaled that they still expected to cut their key interest rate three times in 2024 , taking it down three-quarters of a point from its current 5.25% to 5.5% range. Traders are now growing increasingly doubtful that many cuts will come to...

Federal Reserve Keeps Rate As-Is Yet Again

It holds for 5th straight time, with 3 cuts still expected in 2024

(Newser) - After ending their latest meeting, Federal Reserve officials kept their benchmark interest rate unchanged for a fifth straight time at between 5.25% and 5.5%, reports the Wall Street Journal. They signaled that they still expect to cut their key interest rate three times in 2024 despite signs that...

Jerome Powell Asks Americans to Be Patient

Fed chair indicates central bank is still on track to cut interest rates this year, though

(Newser) - In an appearance on 60 Minutes Sunday, Jerome Powell said the Federal Reserve is still on track to cut interest rates three times in 2024. The Fed chair acknowledged that as the central bank has raised its benchmark rate 11 times since 2022 to fight inflation, Americans looking to buy...

Powell on Rate Cuts: 'Path Forward Is Uncertain'

Federal Reserve holds key rate steady

(Newser) - This story has been updated with Powell's remarks. The Federal Reserve, surprising nobody, left its benchmark interest rate unchanged Wednesday at between 5.25% and 5.5%, its highest in 23 years. This was the fourth Fed meeting in a row that resulted in no change to the key...

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