Education: Washington University in St. Louis, A.B. in political science and international development Laura Meckler is national education writer at the Washington Post, where she covers news ...

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing ...

The Fed lowered its short-term, benchmark fed funds rate by a quarter-percentage point to between 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5% just a couple of months ago. It was the ...

That was widely expected and came as no surprise. The bigger story was Fed Chair Jerome Powell's attempt to defend his job in the press conference that followed. Reporter: "If [President-elect ...

The Fed has repeatedly raised rates in an effort to corral rampant inflation that has reached 40-year highs. Higher interest rates may help curb soaring prices, but they also increase the cost ...

Fed watchers also expect the central bank may cut the rate once more this year, by another quarter point, at its December meeting. If so, that would mean the fed funds rate, which directly or ...

On Sept. 18, 2024, the Fed slashed rates for the first time in over four years, lowering the target federal funds range by half a percentage point — or 50 basis points. The Federal Open Market ...

The federal funds rate, or fed funds rate, is the interest rate set by the Federal Open Markets Committee (FOMC). After the Fed sets it, the federal funds rate becomes a basis for interest charged ...

The Fed’s move comes less than 48-hours after America elected Donald Trump as its next president. Jerome Powell, the US Fed chair, suggested during a news conference that the American central bank ...