Federal Reserve

Families aged 75 and older top the Fed's new survey, but the gap to 65-to-74 is smaller than the margin of error. Read in dollars, the poorest's "56% loss" is $2,100.

While suspect money moved through its cards for about 11 years, American Express's bank aimed its money-laundering risk assessment at a small deposit business. Now an outside consultant must re-examine its past suspicious-activity reporting, a review the OCC can widen, though regulators imposed no asset cap.

The 2.9 points measures 67 goods categories, about a fifth of the basket, against less-exposed goods in February. Across a whole budget it works out to about 0.6 points (0.8 if all goods behaved alike), or roughly $320 to $460 a year for an average household by Daybreak Wire's arithmetic.

Oil gets the blame for the highest bond yields since 2002. The Treasury's inflation-protected yields show the market is charging more for money itself, which leaves mortgage rates little room to fall.

The Federal Reserve Act lets a president remove a governor only "for cause." That standard, paired with 14-year staggered terms, is why Trump's second attempt to oust Lisa Cook faces the same wall as his first.

The U.S. Mint struck its last circulating penny in November. Now state legislatures are racing to write the rounding rules cash registers will actually use.

Regulation CC doesn't let banks hold your money as long as they want, it caps how long they can. Here's the real day-by-day schedule, the six exceptions that extend it, and the outer limit federal law allows.

The justices left Lisa Cook on the Federal Reserve Board while her suit proceeds, but cleared Trump to remove an FTC commissioner the same day.

The longest-serving Fed chair of the modern era steered the U.S. through Black Monday and the 1990s boom, then spent his later years defending the low-rate bets critics tie to the 2008 crash.

The Federal Reserve kept rates steady in Kevin Warsh's first meeting as chair, but its new projections show the median policymaker now expecting a 2026 hike rather than a cut.

A confirmed truce between Washington and Tehran sent Asia-Pacific shares to records and knocked oil lower, handing central banks a sliver of relief days before the Fed decides on rates.

May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.