Bryan Mena

What we're covering here • As the US economy faces a new direction and a new president, the Federal Reserve is set Thursday to announce its latest decision on interest rates.

Washington (CNN) — The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week.

Federal Reserve Chair Jerome Powell speaks at the William McChesney Martin Jr. Federal Reserve Board Building on Sept. 18, 2024, in Washington, D.C. (Anna Moneymaker/Getty Images via CNN Newsource)

Washington (CNN) — Latino voters in key battleground states were crucial in handing president-elect Donald Trump his victory over Vice President Kamala Harris. The economy was also a top voter issue in this year's election.

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.

Washington (CNN) — Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.

Enjou Chocolat, a small business in Morristown, New Jersey, is still strained by rising costs these days — from soaring cocoa prices to increased labor expenses.

People shop for holiday items at the Christkindlmarket outside of Wrigley Field in December 2023 in Chicago.

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow.