
Federal Reserve leaves key rate unchanged as it sees risk of inflation, higher unemployment
Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.
Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.
President Trump and Treasury Secretary Scott Bessent have said that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases.
It might be tempting to make dramatic changes to your investments right now, but it’s important to resist that impulse, advisers say.
The remarks marked a notable shift in tone from just a day earlier, when President Trump referred to Federal Reserve Chair Jerome H. Powell as a “major loser” on his social media platform, Truth Social.
The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024.
Fishers-based software development firm Trabian Technology Inc. has acquired a platform that the company says will allow it to work more quickly and efficiently. As part of the acquisition, Trabian also picked up some of Core10’s customers and a handful of its employees.
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Federal Reserve Chair Jerome Powell quoted Ferris Bueller during a speech about policy changes to the Economic Club of Chicago on Wednesday.
Louisville-based Stock Yards Bank & Trust is moving forward with plans for additional branches in the Indianapolis-area market over the next several years.
The nation’s biggest banks take in roughly $8 billion in the overdraft charges every year, according to data from the Consumer Financial Protection Bureau and bank public records.
U.S. Treasury bonds sold off Wednesday as a global trade war escalated, with the Trump administration’s harshest tariffs yet drawing swift retaliation from China and the European Union.
Acting IRS commissioner Melanie Krause—the tax agency’s third leader since President Donald Trump’s inauguration—will participate in the deferred resignation program the Trump administration offered to agency employees in recent days, sources said.
Evansville-based Old National Bank is working on a first-of-its-kind effort: the launch of an Indiana-based bank whose target customers are minorities and those underserved by traditional banks.
Federal Reserve Chair Jerome Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.
Rocket Cos. said Monday that bringing Mr. Cooper Group Inc. into the fold will create a business representing one in every six mortgages in the United States and give it almost 7 million additional clients.
Representatives of Israel-based Iron Nation, established to support Israeli startups during the country’s ongoing war with Palestinian militant group Hamas, came to Indianapolis as part of a U.S. visit to meet with potential investors.
A financial industry arbitration panel has ordered Stifel, Nicolaus & Co. Inc. to pay $7 million in attorney’s fees to a group of former Stifel advisers.
Fed officials have signaled interest rates may be on hold for some time amid uncertainty about President Donald Trump’s economic policies, particularly on trade.
The U.S. stock market has just dropped 10% from its high set last month. Wall Street has a name for such a decline: a “correction.”