White House Is Cracking Down on Overdraft Fees
The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday purchases, including banking services. President Joe Biden had called the fees, which can...Top Fed Official Says December Rate Cut Depends on Data
A top Federal Reserve official says that he is leaning toward supporting an interest rate cut when the Fed meets in this week but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University,...Federal Reserve Ready to Disappoint Borrowers
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their...Post-Election Uncertainty Grows for the Fed
The Federal Reserve cut its key interest rate earlier this month by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. The rate cut follows a...This Week’s Paper: Digital Edition
