The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency. The Fed is also tipped to signal a slower ...

President Joe Biden signed an executive order designating Christmas Eve as a federal holiday for most employees.

November's inflation report showed a moderate 2.7% annual increase, which may give the Federal Reserve reason to continue cutting interest rates.

President Joe Biden is only a few weeks away from the end of his time in office, and one key part of his legacy is undeniable: inflation. Biden has battled inflation from the start, but critics say he helped fuel it with trillions of dollars in deficit spending during his four years in office.

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.

There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.

he US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency. The Fed is also tipped to signal a slower path ...

The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.

Biden has battled inflation from the start, but critics say he helped fuel it with trillions of dollars in deficit spending during his four years in office.

Mike Mussio, president of FBB Capital Partners, said that with the Federal Reserve signaling just two rate cuts next year, along with another government budget showdown looming, "it could be a very short-lived honeymoon" for President-elect Donald Trump.