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Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The consumer price index (CPI) rose 0.4 percent in the final month of 2024 and ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
US Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 18, 2024. (Hu Yousong/Xinhua via Getty Images) (Xinhua News Agency via Getty Images)
Despite the Federal Reserve's efforts to bring the inflation rate below 2%, the annual inflation rate for the past 12 months remains above that threshold at 3.4%, according to the latest report ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
High-yield savings rates for November 14, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.10% APY with no minimums at ...
The California Association of Realtors predicts the median home price in the state will go up 6.2% next year to $860,300. This year’s average is $810,000, down 1.5% from 2022. This year’s ...