The Federal Reserve slashed interest rates as expected Wednesday, but signaled fewer cuts than originally forecast for 2025 — sending the Dow spiraling more than 1,100 points. The Fed cut rates by 25 basis points to the 4.

WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week against the backdrop of a cooling labor market and rental costs.

U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. T

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US consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy’s resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September.

Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed significantly. Fannie Mae now expects average 30-year fixed mortgage rates to hold above 6.5% until early 2025.

These 25 states are as naturally beautiful as it gets. The United States is one of the most naturally diverse and beautiful countries in the world. It’s really no surprise, given that the nation is absolutely gigantic, so it has a lot of space to fit in ...

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USGBC accelerates and scales transformation of the built environment to minimize climate impacts and enhance the well-being of people, the environment and communities worldwide.

Federal government shutdowns can be disruptive, with thousands of workers furloughed and most of them not getting paid on time. Taxpayers won’t get calls returned, there may be longer lines at airports during one of the busiest travel weeks of the year and many national parks will close.