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Christopher Condon

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THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed seen cutting rates twice more in 2019 before holding steady

WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the...
THE FEDERAL RESERVE has cut interest rates by a quarter of a percentage point. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed cuts rates by quarter point and signals potential for more

WASHINGTON – The Federal Reserve reduced interest rates for the first time since the financial crisis and hinted it may cut again this year...
U.S. FACTORY OUTPUT output climbed 0.4% from the prior month in June. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. factory output climbs more than expected as autos advance

NEW YORK – United States factory output rose by more than expected in June on a solid gain in motor-vehicle production, suggesting American manufacturing is...
FEDERAL RESERVE policy makers said a near-term rate cut was warranted from a risk-management perspective because it could help cushion the effects of possible future adverse shocks to the economy at the Federal Open Market Committee. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes show many saw a stronger rate-cut case

WASHINGTON – Federal Reserve officials judged uncertainties and downside risks to the outlook for the United States economy had increased significantly when they gathered...
UNITED STATES manufacturing output rose 0.2% in May after falling 0.5% in the prior month. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. factory output rose in May amid trade war uncertainty

WASHINGTON – United States factory production expanded in May for the first time since December on gains across sectors that signal the manufacturing sector...
FEDERAL RESERVE CHAIRMAN Jerome Powell said that the United States had a healthy economy that has shown "crosscurrents" that warranted a patient approach to policy decisions. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Powell sees healthy economy with ‘crosscurrents’ to watch

NEW YORK - Federal Reserve Chairman Jerome Powell said a healthy United States economy has faced some “crosscurrents and conflicting signals” that officials in January...
ECONOMIC ACTIVITY in New England continued to expand at a modest-to-moderate rate in recent months, according to the latest Beige Book report from the U.S. Federal Reserve.

Fed says economy growing in most of U.S. as weak spots...

NEW YORK - The still-strong United States economy showed signs of slowing in recent weeks amid declining optimism, though most regions continued to show...
THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...
THE FEDERAL RESERVE Beige Book reported that a moderate economic expansion continued in New England, much like the rest of the nation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed says growth still modest or moderate while optimism ebbs

NEW YORK - Optimism over prospects for growth at U.S. firms has begun to fade even as a majority of Federal Reserve districts continued to...
THE FEDERAL RESERVE raised federal interest rates a quarter-point, boosting the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates and says more coming, brushing off Trump jabs

NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
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