The Federal Reserve on Wednesday is set to lower borrowing costs again, even as stark divisions persist within the central bank’s powerful rate-setting committee.

The Fed said Wednesday afternoon it is trimming its benchmark lending rate by a quarter point, its third such reduction this year. Follow along as Chair Jerome Powell discusses the move.

The global economy is “undergoing one of its most turbulent periods in decades,” according to a recent World Economic Forum (WEF) report, with geopolitical instability, trade realignments, and ...

The Federal Reserve is expected to lower interest rates again today, though deep divisions remain within its influential rate-setting committee. Fed Chair Jerome Powell will hold a press conference at ...

• Trump touts his economic record: President Donald Trump has again blamed Democrats for inflation, calling concerns about affordability “a hoax” while insisting his administration is working to lower ...

President Donald Trump confirmed today that the US has taken control of an oil tanker off the coast of Venezuela. Follow for live updates.

Ukraine struck an oil tanker belonging to Russia’s so-called shadow fleet in the Black Sea on Wednesday, according to an official in the Security Service of Ukraine (SBU).

President Donald Trump certainly made himself feel better. Whether he did the same for gloomy voters haunted by high prices ...

It’s time to uncork the prosecco and maybe order a plate of tagliatelle al ragù for the table. Italy has a very tasty reason to celebrate: Its national cuisine has become the first entire gastronomic ...

Vice President JD Vance is expected to travel to Pennsylvania next week to deliver remarks on the economy and the cost of living, continuing the administration’s newfound push to convince voters that ...

Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle ...

A new pro-AI network of political action committees is releasing its first candidate ads in the 2026 midterms, as the debate around artificial intelligence ramps up ahead of the elections.