Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.

The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.

After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.

Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s ...

The Federal Reserve left interest rates unchanged Wednesday, amid a cloudy economic outlook and concerns that some of President Donald Trump’s policies could stymie the fight against inflation.

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.