Category: Politics & Money

Federal Reserve makes emergency rate cut amid coronavirus fears

The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »

Federal Reserve ready to maintain rate, minutes show

Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now,… Read more »