Photo of passengers boarding a ferry

US Economy Grew at Modest 2% Rate in 2nd Quarter

WASHINGTON — The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising tra...
Photo of Federal Reserve Board Chair Jerome Powell

What the Fed’s Rate Cut Means for You

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because th...