Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company ...
Developers say new downtown construction won’t grind to a halt. Some projects will score financing and the number of ...
The Federal Reserve's typically bland public statement after it votes on U.S. interest rates dropped a line about making progress on lowering inflation. In December, the Fed said, "Inflation has made ...
The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation ...
The yield on the benchmark U.S. 10-year Treasury rose 4 basis points to 4.589%, while the 2-year Treasury yield also added 4 basis points to 4.248%. One basis point is equal to 0.
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