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.

US GDP grew by 2.3% on an annualised basis in the final quarter, according to the Bureau of Economic Analysis. This was slower than the 2.6% annualised growth expected by economists polled by Reuters.

This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% ...

Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed ...

Some economists were saying Wednesday that the cutting cycle is over, while others think Chairman Jerome Powell’s Federal ...

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed ...

Interest rate cuts are always good for most businesses, but we may not be getting the dramatic cuts that we were hoping for.

These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...

D.R. Horton reported a 7% decline in Q1 2025 EPS and a 3% drop in revenues due to slower home deliveries. Read why I rate DHI ...

With inflation accelerating again, and the labor market on reasonably solid footing, the Fed pivoted back to wait-and-see. Read more here.

The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation ...

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%.