Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.

The White House press secretary said that the reversal was issued in response to a court injunction and that the underlying order still stands.

The Federal paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate, auto loan and savings account.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.

The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates.After three months of reductions, the Fed decided to keep the key interest rate target