Federal Reserve cuts its key interest rate by a quarter-point on heels of election

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.

Inflation gauge falls to lowest level in 3 1/2 years

Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.

Where Vice President Kamala Harris stands on key issues

Here's where Vice President Kamala Harris stands on the economy, immigration, abortion and housing.

Where former President Donald Trump stands on key issues

Here's where former President Donald Trump stands on the economy, immigration, abortion and housing.

Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

A closer look at how Trump's economic plan could impact inflation

Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.

Holiday spending projected to hit new record this year

Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.

Inflation reaches lowest point in 3 years; here's what prices came down most

The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.

Source: Dockworkers' union suspends port strike until Jan. 15 to allow time to negotiate new contract

The union, the International Longshoremen's Association, is to resume working at least until January said the person, who spoke on condition of anonymity because the agreement has yet to be signed.

Pickup truck crashes into daycare center; HAZMAT crews respond to Loop 101 crash | Morning News Brief

A truck that crashed into a Glendale daycare center building; a crash along the Loop 101 that prompted a HAZMAT response; and more – here's a look at some of the top stories this morning.