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In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

A better than-expected- consumer inflation report sparked a rally in stocks on Wednesday.

A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every taxpayer: the child tax credit.

The slower rate means inflation is still above the Bank of England's 2% target.

The US dollar has surged into the new year — and its rapid rise could further test corporate earnings.

President Biden approved student loan handouts for another 150,000 people on Monday with just days left until his term in office comes to an end.

Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.

A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

Online spending throughout the 2024 holiday shopping season reached a record high and was driven, in part, by generative AI chatbots that funneled traffic to retail sites.

Shoppers prefer a location where they can "eat, drink and socialise".

Markets attempted to kick off the new year on the front foot as faith in techs reemerged.

Wall Street strategists see further gains for the S&P 500 in 2025 as a broadening of earnings growth and a resilient US economy continue to drive the bull market rally.

The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate Credit that they didn't claim on their 2021 tax returns.

Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.

The potential impact of President-elect Donald Trump's policies remained top of mind for consumers in December, per the Conference Board.

The automatic deposits will be issued “later this month” and should arrive ”in most cases” by late January 2025.

While it may be difficult to compile a comprehensive list of all the major events of the year, hopefully we’ll at least be able to remember the lessons we learned from them

The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. GDP growth has now topped 2% in eight of the last nine quarters.

How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.

The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.

The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.

The Federal Reserve has been cutting rates since September, even as inflation progress stalls.

Whether it's meeting about taxes or deregulation, Kevin O'Leary believes America's top CEOs want to "suck up" to Trump for one overarching reason: power.

If you're looking for a unique gift to give this Christmas, consider stocks. The gift of stocks can get a loved one started on their investment journey, and has the potential to grow through time.

Economists say the faster pace of price rises all but rules out an interest rate cut next week.

The Fed meeting kicks off with investors on alert for clues to the path of rates after the widely expected December cut.

Inflation is now a services problem, with the cost of rent, insurance, pet care, and many other things rising by more than incomes.

Pay growth has picked up for the first time in more than a year, official figures show.

As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent Bankrate survey indicated.

Millions of Americans who are behind on their student debt may face a financial shock next year.

Consumers have said they are confused and frustrated with tipping expectations generally. But, one expert says, “people generally want to feel more generous around the holidays.”

Price inflation is slowing for many goods, as the Consumer Price Index increased 2.7%.

Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.

As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.

President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.

Drivers are getting some relief at the pump this week as the average cost for a gallon of regular gasoline in the U.S. reached a three-year low, AAA said.

The University of Michigan Consumer Index rose in December but which political party respondents belonged to proved to be a key dividing line on how they're feeling about the economy.

Hiring bounced back after disruptions from storms and a major strike.

The Labor Department on Friday released the much anticipated November jobs report, which showed the economy added 227,000 jobs, while the unemployment rate ticked up.

The labor market added 227,000 jobs, a big rebound from October, when storms in the Southeast and a major strike disrupted work. The unemployment rate ticked up slightly to 4.2 percent.

So far, most equity strategy teams see the stock market rising in 2025, buttressed by another strong year of economic growth. That may favor value stocks this time — instead of yet another year of Big Tech domination.

Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.

Bank of America believes strong economic growth will support further broadening of the stock market rally in 2025.

The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.

Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.

The BBC speaks to young people yet to enter the workforce as well as those who have chosen to leave it.

Inflation is continuing to strain American households, as LendingTree found Thanksgiving hosts plan to spend 19% more than last year on food, drinks and decor for the party.

Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.

Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.

First Trust Advisors chief economist Brian Wesbury on tight consumer credit conditions, the state of the stock market and how Trump's Cabinet picks will impact the macroeconomy.

Republicans suddenly think the economy is much better. Democrats think it is worse. Why might that be?

JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.

The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target.

The inflation rate has risen, putting pressure on people's finances and casting doubt on interest rate cuts.

Americans plan to spend more on holiday shopping this year than they did last year.

As the number of couples who split after the age of 50 rises, more Americans are looking at a retirement that is drastically different than they had expected.

Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.

Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.

October's retail sales report will be closely watched by investors for signs that the US economy remains on solid footing as the Federal Reserve begins to cut interest rates.

Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.

Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.

The president-elect has said he could impose tariffs as high as 200 percent on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.

The Dow, S&P 500 and Nasdaq Composite hit a fresh round of new record highs as investor optimism continues following President-elect Donald Trump's historic White House win.

New figures show university graduates could be eligible for refunds worth nearly £200m.

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?

America’s economic growth is the envy of its global counterparts. But voters wanted more from the Biden administration — specifically, lower prices.

Donald Trump is now set to have the distinction of being the 45th and the 47th US President.

Bitcoin reached a record high and the dollar jumped, signs that traders were positioning themselves for a possible win by Donald Trump.

FOX Business Network, Fox News Channel and Fox News Digital are America's home for the best up-to-the-minute election coverage on Tuesday evening and beyond.

The job market is slowing but consumer spending is strong, posing a riddle for central-bank officials as they reduce interest rates.

Kamala Harris’s plans offer a bigger boost for the working class, but Donald Trump seems to be convincing voters.

It's been a big week with four tech titans stepping up to the plate to deliver quarterly results. But fresh consumer data this week shows something just as important — if not more so.

American households continue to feel squeezed by inflation, which contributes to a more pessimistic view about the economy even as data shows the pace of price growth slowing.

Among the policies announced by the chancellor, some will have a direct impact on younger people.

The Commerce Department released the latest data for the personal consumption expenditures index, which is closely watched by Federal Reserve policymakers and showed inflation cooled.

Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.

The release of the October jobs report on Friday that will give American voters and the Fed's policymakers a last look at labor market data ahead of Election Day and the Fed meeting.

Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.

The Resolution Foundation says families are also set for a further squeeze on living standards.

The chancellor says businesses will "contribute more" as she raises employer National Insurance to 15%.

The chancellor has delivered a packed Budget, so here's how it affects you and your money.

In a key economic report released just days before the presidential election, growth was again driven by robust consumer spending.

Wednesday's reading on US economic growth and inflation comes as investors attempt to decipher the Federal Reserve's path forward with interest rates.

The resilience was again driven by robust consumer spending.

The National Living Wage will rise by 77p from £11.44 per hour for workers over the age of 21.

Job openings declined to a near four-year low during the month of September in the latest sign the labor market is cooling.

Weather is going to make it hard to read the October jobs report. But for a Fed that looks at the "totality" of data between meetings, that's probably okay.

A new study found that infant care costs top 10% of the median annual household income in 48 states plus the District of Columbia, squeezing families' budgets.

A guide to how the two presidential candidates might affect the financial issues that matter most to voters in 2024.

Up to 8 million borrowers could see part or all of their debt wiped away under President Biden's latest student loan relief plan.

Fresh data from S&P Global showed the US economy is tracking for solid growth through the end of 2024.

Tesla's results pleased investors as CEO Elon Musk applauded the automaker's progress and hinted that bigger things are ahead for the electric vehicle player.

The Real Living Wage is going up, six months after National Minimum Wage and National Living Wage rates rose.

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.

Stocks are eyeing a second day of losses as investors rethink the outlook for interest rate cuts over the next year.

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024.