Fed ups its GDP forecast for 2019 slightly to 2.2%
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
AT&T is exploring parting from its DirecTV unit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.
Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.
Tesla wants to steal Porsche's bragging rights by testing its Model S on the northern loop of Germany's Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products.
Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with Roku Inc in the market for a device that organizes multiple subscriptions.
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
The chief technology officer of United Technologies Corp , Paul Eremenko, has stepped down, just under two years after moving to the U.S. conglomerate from Europe's Airbus .
For everyday Americans, the Federal Reserve's decision to cut rates could mean cheaper loans. At the same time, consumers will earn less interest on their savings.
As the Federal Reserve lowers rates, some banks are pulling back their offerings on their savings accounts and certificates of deposit. Here are the best current offers.
The Federal Reserve's decision to cut interest rates on Wednesday for the second time this year could have wide-ranging implications for consumers' wallets.
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting: