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Finance

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off...
Finance

Watch: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.Follow CNBC's ECB live blog here. The European...
Finance

Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop

Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he...
Finance

The Federal Reserve holds interest rates steady: Here’s what that means for your money

The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed's 2% mandate.The move comes after...
Finance

The Fed meets for the first time since Trump’s term started. Here’s what to expect

US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew...
Finance

The Federal Reserve is likely to hold interest rates steady next week. Here’s what that means for your money

The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite President Donald Trump's comments Thursday that he'll...
Finance

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the...
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