Fed keeps costs constant as it notes ‘lack of even more progress’ on inflation

Important Details

The Federal Reserve held its floor on curiosity rates, again choosing not to minimize as it proceeds a battle with inflation that has grown more hard lately.
The federal resources rate has been amongst 5.25%-5% given that July 2023, when the Fed previous hiked and took the variety to its greatest level in additional than two many years.
“The Committee does not expect it will be correct to minimize the target vary right until it has attained greater confidence that inflation is shifting sustainably towards 2 %,” the Fed’s assertion reported.

Source

Finance

Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

July 2, 2025

Key Points New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said. These policies are part of a massive legislative package championed by President Donald Trump. Source

Finance

2 of our banks just boosted their dividends. Here’s how their increases stack up versus our other names

July 2, 2025

Goldman Sachs and Wells Fargo shares hit record highs Wednesday after the Wall Street banks announced dividend hikes following Tuesday’s close. Both join the laundry list of Club holdings to hike their payouts to investors in 2025. After the financial firms passed the Federal Reserve’s annual stress test on Friday night, Goldman said Tuesday that […]

Finance

Stocks making the biggest moves midday: Tesla, Centene, Robinhood, Nike and more

July 2, 2025

Check out the companies making headlines in midday trading Robinhood — The brokerage stock climbed 7% as traders speculated that it could soon be added to the S & P 500. A spot in the index was opened by Hewlett Packard Enterprise’s acquisition of Juniper Networks, which officially closed on Wednesday. Tesla — Shares of […]