The Federal Reserve has gone 'all in' on a hawkish outlook for next year, says BofA strategist Ralph Macchio and Jackie Chan bring their 'Karate Kid' universes together in this sequel, set for theaters on May 30.

Analysis of the Federal Reserve's recent rate cuts and cautious approach towards future economic policies in response to President-elect Trump's impact.

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The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages,

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

WASHINGTON, D.C. — U.S. Senator John Fetterman (D-PA), joined by Senators Cory Booker (D-NJ) and Andy Kim (D-NJ), has called for a fair, inclusive, and transparent process in selecting the next President and CEO of the Philadelphia Federal Reserve Bank.