The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
Most federal employees are set to start the new year making a little more cash after President Joe Biden signed an executive order Monday. The executive order, announced Monday by the White House ...
Christmas Eve is not a designated federal holiday. Still, U.S. presidents, including Joe Biden and Donald Trump, have used the holiday to grant a day off to the country's more than 2 million ...
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. Big banks, business groups sue US ...
Import prices were 0.6% higher in November 2024 than in November 2023. Compared with the same month a year earlier, the rate of change was -0.8% in October 2024, and -1.3% in September 2024. The ...