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News  |  Christopher Rugaber, Associated Press  • 
December 18, 2024

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts. 
News  |  Mark Sherman, Associated Press  • 
December 18, 2024

Supreme Court will hear arguments over the law that could ban TikTok in the US if it’s not sold

The law, enacted in April, set a Jan. 19 deadline for TikTok to be sold or else face a ban in the United States. The popular social media platform has more than 170 million users in the U.S.