News

President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday. Trump said last week in Davos, Switzerland that he would bring down energy prices, then “demand” that the Fed lower borrowing costs. Later, when asked by reporters if he expected the Fed to listen to him, he said, “yes.”

(Bloomberg) -- The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim

(Bloomberg) -- Australia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut as soon as next month and sending the currency lower.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Gugg

Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.

(Bloomberg) -- Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists

Learn when you can expect your income tax refund, including how to check your refund status with the IRS.

(Bloomberg) -- President Donald Trump’s federal funding pause threatens more than $1 trillion that flows to states, cities and other local governments, putting everything from transit infrastructure to housing projects at risk.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineTexas HOA Charged With Discrimination for Banning Section 8 RentersHousing Aid Uncertain After Trump’s Spending Freeze MemoNewsom