The Federal Reserve held interest rates steady on Wednesday after hiking borrowing costs in September to clamp down on inflation. The central bank left the federal funds rate at a target range of 3.75% to 4%, keeping it unchanged after raising rates last month for the first time in three years. In a statement, the…
The Federal Reserve is scheduled to meet this week, when U.S. central bankers will decide whether to raise interest rates for the second time this year in a bid to subdue inflation. Most economists and Wall Street analysts expect the Fed to leave its benchmark rate unchanged at 3.75% to 4% when officials release the…
Financial markets slumped on Friday as investors bailed on technology stocks amid concerns that companies exposed to artificial intelligence are starting to wobble. The tech-heavy Nasdaq Composite tumbled 573 points, or 2.1%, to end at 26,140, closing out its worst week since June. The broader S&P 500 and blue-chip Dow Industrial Average sank 1.1% and…
Washington — The Federal Reserve’s inspector general announced Wednesday that the multibillion-dollar renovations of the Fed’s headquarters criticized by President Trump as “disgraceful” did not violate federal law, though the office concluded poor project management dramatically increased the cost. “At no point during our evaluation did we find reasonable grounds to believe that a violation…
Interlocking silhouettes and bold lines shape Keith Haring’s signature style. In his own words: “It was made for lots of people. You don’t have to know anything about art to appreciate it.” “I would describe his work as graphic, as fun, as direct, as appealing,” said Austen Bailly, a curator at Crystal Bridges Museum of…
The bond market is flashing red. The yield on the 30-year Treasury note reached 5.44% on Wednesday, its highest level since 2004, before slipping slightly on Thursday morning. The 10-year Treasury, which influences mortgage rates, briefly neared 5.15% on Thursday morning, a level it last reached in 2001. Yields had already risen amid concerns about inflation…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Rep. Ro Khanna, Democrat of California Rep. Maria Elvira Salazar, Republican of Florida Sen. Bill Cassidy, Republican of Louisiana IBM vice chairman Gary Cohn Click here to browse full transcripts from 2026 of “Face the Nation with Margaret Brennan.” MARGARET BRENNAN:…
The following is the transcript of the interview with IBM vice chair Gary Cohn, who served as an economic adviser in President Trump’s first term, that aired on “Face the Nation with Margaret Brennan” on Sept. 20, 2026. MARGARET BRENNAN: And we’re joined now by Gary Cohn. He is the vice chairman at IBM. He…
The Federal Reserve did what investors expected on Wednesday by raising interest rates for the first time in three years. Then Chairman Kevin Warsh delivered a surprise — a decidedly hawkish message that opened the door to additional rate hikes as the central bank looks to snuff out stubbornly high inflation. The Fed on Wednesday…
The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, reversing course as the Iran war drives up global energy prices and fuels inflation. The Fed raised the federal funds rate by 0.25 percentage points, bringing its target range to between 3.75% and 4% — its highest level since December 2025. The…
