Federal Reserve raises interest rates despite Trump’s calls for cuts
President Donald Trump has spent months demanding lower interest rates. Instead, the Federal Reserve just moved them in the opposite direction.
The Fed voted unanimously Wednesday to raise its benchmark interest rate by a quarter percentage point, bringing its target range to 3.75% to 4%. The increase marks the first rate hike since 2023 and comes amid continued concerns about inflation. » Read more about: Federal Reserve raises interest rates despite Trump’s calls for cuts »
Read MoreKevin Warsh may be the adult in the room. But can he calm the US economy?
In the end, Kevin Warsh’s Federal Reserve acquitted itself well. For all the uncertainty he had sparked at the previous meeting of the Federal Open Market Committee, when he refused to provide any indication of what he was prepared to do to tame stubborn inflation, the chair on Wednesday presided over a unanimous decision to raise interest rates for the first time in three years.“Today’s action starts to show that we’re serious about this,” he said at the press conference after the meeting,
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Read MoreCapital Economics Warns AI Bubble Collapse Could Trigger 30% US Stock Market Decline
Stock chart with arrow going up and bubbles ©Adobe Stock Images Capital Economics has outlined the potential consequences of a collapse in artificial intelligence-related stock valuations, forecasting substantial declines in global equities, limited gains in some government bonds and a weaker US dollar. In a note published this week, chief economic adviser John Higgins said he sees “plenty of signs that we are now in the late stages of a bubble in AI,”
Read MoreDow Jones Today: Dow Stocks And Stock Market News
Track the latest stock market news happening on the Dow Jones today. Plus, get timely analysis of the DJIA and 30 Dow stocks, including Apple (AAPL), Boeing (BA), Microsoft (MSFT), Walmart (WMT) and the newest addition, Walgreens Boots Alliance (WBA). Since its founding in 1896 with 12 stocks, the Dow Jones industrial average (DJIA) has included America’s largest companies across… Copyright ©2026 Investor’s Business Daily,
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Read MoreThe 2027 Social Security COLA Forecast Is Shrinking: What It Means for Your Monthly Check
Welcome to your retirement reality check. Anyone watching the economic headlines this summer might notice a shift regarding next year’s Social Security bump.
As inflation cools, the projected 2027 Social Security cost-of-living adjustment (COLA) has been revised downward. Even with this drop, retirees are on track for the largest annual adjustment since 2023.
Read MoreThe Burst
Is This Heavily Shorted Stock Set To Squeeze Bears?
Despite succeeding in the rough and tumble world of HR management, one particular firm has also become one of the most heavily shorted stocks in the market.
Yet beneath the surface, there are signals that the stock could be on the verge of a sharp rebound—perhaps even a short squeeze that will catch many off guard.
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Read MoreThe Ivy
This AI-Powered Sports Stock That Just Scored Big, Is It a Buy?
Sportradar (NASDAQ:SRAD) should be on your radar for a stock to watch after soaring post earnings despite announcing mixed results for earnings versus revenue for Q4 of 2024.
The company surpassed consensus EPS estimates just once in the past four quarters but revenues have steadily increased and eclipsed consensus expectations.
» Read more about: This AI-Powered Sports Stock That Just Scored Big, Is It a Buy? »
Read MoreThe Spotlight
Spotlight: 1 Heart Transplant Stock Up Over 500%
TransMedics (NASDAQ:TMDX) has emerged as a prominent player in the medical field, witnessing a remarkable surge from $14 to $90 in a little over 18 months.
The company’s core expertise lies in organ care systems, which preserve transplant organs post-donor retrieval.