WASHINGTON – The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's ...
Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.
Wall Street shares were slightly higher on Thursday, as investors cheered earnings from Meta , but were disappointed by ...
Rates on 30-year refinance loans dropped another 2 basis points Wednesday, nudging to average down to 7.03%. That's now the cheapest level for 30-year refi rates since Dec. 18. In September, 30-year ...
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed ...
It doesn't look like savings rates will rise anytime soon. But that doesn't mean you're out of opportunities to earn.
Photo: Alamy President Donald Trump released a fiery statement against the Federal Reserve and its leadership after the ...
Some economists were saying Wednesday that the cutting cycle is over, while others think Chairman Jerome Powell’s Federal ...
The Commerce Department reported Jan. 30 that gross domestic product — the economy’s output of goods and services — expanded ...
Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the ...
A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.
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