EL SEGUNDO, Calif. — The Federal Reserve is keeping interest rates steady for the second time in a row.
Analysts say Wednesday’s decision shows central bankers are waiting to see how the Trump administration’s policy change will impact the U.S. economy.
Those adjustments include tariffs, deportations and the downsizing of the federal workforce.
Marketplace correspondent Nancy Marshall-Genzer joins Kate Cagle on “Your Afternoon” to discuss.
Starbucks has 16,000 corporate support employees worldwide.
It’s the third straight cut, bringing rates down to their lowest level since 2023, but Fed Chair Jerome Powell said he expects slower cuts in 2025.
The law authorizes a president to seek a court order for an 80-day cooling-off period for companies and unions to try to resolve their differences.
U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
The Powerball jackpot has increased to an estimated $1.23 billion after another drawing without a big winner Wednesday night.
While price increases have cooled over the past year, most economists say little to none of the drop came from the law.
