Daily Archives: August 11, 2025

Fed hits pause on interest rate cuts for now

Fed holds on further interest rate cuts. (iStock) Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate.   The Federal Reserve held interest rates at 4.5% to 4.75%, prompted by strong economic indicators that gave the central […]

Verizon clears $10M in debt for North Carolina residents impacted by Hurricane Helene

Check out what’s clicking on FoxBusiness.com. Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted by Hurricane Helene. The communications company said the debt relief campaign is aimed at assisting with the ongoing recovery following the September 2024 storm. ForgiveCo’s “random acts of kindness” […]