Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.

Wednesday’s Federal Open Market Committee vote could see dissent on a scale not witnessed in decades. Federal Reserve decisions under chair Jay Powell have been characterised by strong levels of agreement.

The S&P 500 index narrowly missed a fresh record close Wednesday and the Dow Jones Industrial Average finished with strong gains after the Federal Reserve’s decision to deliver a final quarter-point rate cut for 2025,

The Federal Reserve announced its third date cut in a year, to help stabilize the economy. Plus, foreign visitors to the U.S. may face new questions about their social media.

Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.

The Fed delivered a quarter-point rate cut as expected, but the central bank's new 2026 outlook highlights an uncertain path for future savings and CD yields.

Trump said at a White House event this afternoon that the U.S. military has seized an oil tanker off Venezuela. FED DECISION: The Federal Reserve reduced interest rates by a quarter-point in its third cut this year. President Donald Trump has repeatedly attacked Fed Chair Jerome Powell for not lowering them sooner.

The yield on the benchmark U.S. 10-year Treasury note fell 4.3 basis points to 4.143% after swinging between a session low of 4.137% and a three-month high of 4.209%. The 10-year yield was poised to snap a four-session streak of gains, its longest run of gains in five weeks.