The Federal Reserve raised its benchmark interest rate by a quarter-point to about 3.9% on Wednesday, marking its first hike since 2023 in an effort to combat stubbornly high inflation.

FOX Business correspondent Connor Hansen and White House deputy press secretary Kush Desai discuss the Federal Reserve's first interest rate hike in three years and the White House's response on 'The Story.

President Donald Trump is blasting Federal Reserve governors after the board raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 to curb inflation, despite President Trump urging lower rates.

Retailers’ sales rose by 1.2% last month, versus the 0.5% decrease recorded in July. August’s reading was higher than the 0.8% increase economists polled expected.

CNBC's Rick Santelli breaks down the latest economic data to cross the tape.

U.S. retail sales rose 1.2% in August, beating expectations and showing broad gains beyond energy prices, with ex-autos-and-gasoline up about 1.2% and ex-auto sales up 1.4%. The strength supports upside GDP risk and keeps expectations of continued Fed rate hikes intact.

August’s retail sales mirror the strong payrolls report, dispelling worries about a slowdown anytime soon,” David Russell, global head of market strategy at TradeStation, w

The benchmark 10-year Treasury note yield was down more than 2 basis points at 4.973%, while the yield on the 30-year Treasury bond fell more than 1 basis point to 5.347%. The 2-year Treasury note yield dropped more than 2 basis points to 4.

US stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s interest-rate decision and rising Treasury yields added pressure to equity valuations. The Dow Jones Industrial Average fell 330.

The US 10-year Treasury yield hit its highest level since 2007 on Tuesday, as oil prices jumped above $105 a barrel and stocks slumped on higher odds of an interest-rate hike this week. The 10-year Treasury yield was at 5% as of the afternoon.

The US 10-year Treasury yield on Monday briefly surged past 5% for the first time since 2023 — goosed by rising diesel prices in a rally that could boost borrowing costs for mortgages and auto loans.

Oil extended the biggest drop in more than six weeks on signs of easing Middle East supply disruptions, with a key pipeline being restored.

Oil prices again spiked on the international markets today after a fresh round of attacks on Saudi military targets by Houthi rebels in Yemen, as Neil Connery reports Oil and gas prices have climbed again after Saudi Arabia shut down a vital oil pipeline in response to a series of drone attacks.

Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.

The war with Iran has plunged the world into an energy crisis. That crisis could be aggravated by the closure of a Saudi Arabian oil pipeline after an attack. Oil flows through the Strait of

Social Security beneficiaries face a possible 22% benefit cut in just six years, if the estimates in the latest Trustees' Report prove accurate. There are few seniors who wouldn't be devastated by a blow like this,

Some people will get 2 checks next month According to AARP, the average monthly Social Security benefit for a retiree in July was about $2,086, so a 3.6% COLA would boost that by about $75 to roughly $2,

We don’t yet know the exact COLA that Social Security will use in 2027, since it will be based on the CPI levels in July, August and September of this year, and the last of these inputs won’t be announced until October.

A CRFB report maps Social Security cuts by state, with monthly losses ranging from $459 to $556 by 2032. See which states face the deepest hit.

Bitcoin (BTC-USD) fell as much as 4.9% on Tuesday from Monday's high of nearly $80K after a Democratic counteroffer over the Clarity Act dimmed hopes of the digital asset legislation progressing. The price of the largest cryptocurrency by market cap slid to $76.

The U.S. Senate votes today on whether to advance the Clarity Act, crypto's market structure bill. A pass moves the industry closer to its first clear U.S. rules, while a failure would likely shelve the effort until after the November midterms.

Crypto markets and related stocks moved lower Tuesday as investors braced for two major Washington catalysts: a Senate vote on the CLARITY Act and the Federal Reserve’s interest-rate decision Wednesday.

The odds of the Clarity Act becoming law before Jan. 1, 2027, slid to 13% from as high as 39% at 7:27 AM ET. Legislators have been squabbling over the stablecoin legislation for about a year. A procedural vote to advance the bill to the Senate floor for a full vote is due to take place Tuesday afternoon.