When the topic of central banks and the outlook for interest rates comes up, economists often turn to the so-called "star" ...

While most economists believe that central banks set interest rates, in reality, they are set by time preferences of ...

If the United States economy is an old Chuck Jones Warner Brothers cartoon—and who’s to say it isn’t?—then Federal Reserve Chairman Jerome Powell is Wile E. Coyote. Wile E. Coyote is always trying and ...

The Manishtushu Obelisk, written in cuneiform, denotes that the interest rate for borrowing barley was 33% and for borrowing silver was 20% across the Akkadian Empire, which is in modern-day Iraq. The ...

Because the U.S. has the world's largest economy, fluctuations in America's interest rates affect much more than domestic growth.

Interest rates have been trending downward, with the Federal Reserve implementing its first cut of 2024 in September. Analysts predict more cuts could follow in the final months of this year and into ...

The United States economy has been facing turbulent times lately, with the U.S. Personal Consumption Expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when ...

In December, at its last meeting of the year, the Federal Reserve once again cut interest rates, marking the third time in a row it has done so after previously leaving rates untouched for months. The ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Vikki Velasquez is a researcher and writer who has managed, ...

The Federal Reserve announced its first interest rate cut in four years Wednesday, one of its most consequential decisions in recent memory, a move likely to be panned by former President Donald Trump ...

The central bank said inflation remains "somewhat elevated." The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central ...