Federal Reserve

ECB Cuts Rates to Historic Lows

The European Central Bank cut interest rates 0.25-percentage point to 0.5%, the lowest level on record, to help prop up the eurozone’s ailing economy.

ECB Cuts Rates to Historic Lows

The European Central Bank cut interest rates 0.25-percentage point to 0.5%, the lowest level on record, to help prop up the eurozone’s ailing economy.

FOXBusiness.com's Biggest 2015 Hits

There was no shortage of news this year, even in the doldrums of summer: Whether it was the Greek financial crisis, speculation over China’s economic demise, the first interest rate hike in nearly a decade or the chaos of the campaign trail as the candidates vie for the White House in 2016. As 2015 winds down, we wanted to thank our readers for their interest and share some of our most read stories over the past year.   Have a Happy and Healthy New Year!   The FOXBusiness.com Team

Fed's Williams, Unfazed by China, Sees 3-5 Rate Hikes This Year

San Francisco Federal Reserve President John Williams said Monday he is unfazed by the weak economic data out of China that has spooked Wall Street, and sees three to five U.S. interest rate hikes this year as reasonable given the strength of the U.S. economy.

Fed's Lacker: Four Rate Hikes in 2016 Would be 'Gradual'

Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a "gradual pace," Richmond Fed President Jeffrey Lacker said on Friday.