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Here’s the inflation breakdown for December 2024 — in one chart

A customer browses eggs on partially empty shelves at a grocery store in Lawndale, California, on Jan. 2, 2025. Patrick T. Fallon | AFP |...

Finance

DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve...

Finance

Fed cuts by a quarter point, indicates fewer reductions ahead

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that...

Finance

The Federal Reserve cuts interest rates by another quarter point. Here’s what that means for you

The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third...

Finance

Biden’s student loan forgiveness ‘Plan B’ is in its ‘last step,’ expert says. What borrowers need to know

US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty ImagesWith weeks...

Finance

Federal Reserve is likely to cut interest rates next week. Here’s what that means for you

The Federal Reserve is expected to lower interest rates by another quarter point on Dec. 18 at the end of its two-day meeting. That would mark the third...

Finance

Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference

Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference.The appearances comes two weeks ahead of when the central bank...

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