The Fed's interest-rate-cutting cycle is likely over after the December jobs report, according to BofA.

Wall Street's main indexes opened lower on Monday, as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish stance for most of 2025.

Having delivered a percentage point of interest-rate cuts in the closing months of last year, Federal Reserve officials are entering 2025 with open minds. Policy has been “recalibrated” for the curren

Federal Reserve officials were "at or near the point at which it would be appropriate to slow the pace of policy easing," minutes from the Federal Open Market Committee's Dec. 17-18 gathering showed.