Treasury proposes rule to prevent large corporations from evading income taxes
WASHINGTON (AP) — The Biden administration on Thursday proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.
Christopher Rugaber in political news
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.
Fed’s favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
WASHINGTON (AP) — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.
The Fed sees its inflation fight as a success. Will the public eventually agree?
WASHINGTON (AP) — With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years.
Federal Reserve is set to cut interest rates for the first time in 4 years
WASHINGTON (AP) — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election.
Will the Federal Reserve cut interest rates fast enough to deliver a ‘soft landing’?
WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak.
Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing
WASHINGTON (AP) — U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week.
US inflation likely fell further last month as Fed prepares to cut rates next week
WASHINGTON (AP) — Inflation in the United States may have hit a three-year low in August, underscoring that the rate of price increases is falling back to pre-pandemic levels and clearing the way for the Federal Reserve to start cutting its key interest rate next week.