The inflation rate also ticked up slightly in May to 2.4%, compared with 2.3% in April. Even though job growth is slowing, the labor market continues to hold up, with payroll gains exceeding ...

The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...

America’s Incarceration Rate Is About to Fall Off a Cliff Long sentences and recidivism kept prison populations high for decades, but prisons are now starting to empty.

The federal funds rate is arguably one of the most important interest rates in the world. It influences inflation and the economy in the U.S. — and your money. Tracking the Fed's decisions ...

Fed Announces Big Rate Cut “We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank ...

The policy rate has risen in five election years and fallen in six. In most cases those changes were part of cycles that had been set in motion a year or more before an election year.

The official poverty rate for Black Americans decreased by 2.4%, from 19.5% in 2021 to 17.1% in 2022, according to census data, as well as for Asian Americans, which saw the official poverty rate ...