Both Kamala Harris and Donald Trump made sure to talk about taxes in the final days before the presidential election. That’s no coincidence: More than 144 million taxpayers filed personal income tax returns this year, a topic likely on the minds of countless voters. While Congress controls the purse strings, candidates’ policy priorities drive the … Read more
It’s all but certain that the next move Americans see from the Federal Reserve will be a second interest rate cut. The real question is whether officials will “go big” again with another half-percentage-point reduction. The next rate decision won’t be announced until Nov. 7, but discussions are already very active about how much the … Read more
The Federal Reserve cut interest rates Wednesday for the first time since 2020 as it switched gears from battling high inflation to keeping the labor market healthy. The half-percentage-point cut was unusually large for the central bank — it tends to move rates up or down by a quarter-percentage point — but not entirely unexpected. … Read more