Tag: interest rates
Does Federal Reserve Chair Jerome Powell deserve to be fired for...
President Donald Trump acknowledges he has spoken privately with a group of House Republicans about whether he should fire Federal Reserve Chair Jerome Powell.
Trump...
U.S. mortgage rates climb after five weeks of declines
The long-term rate ticked up to 6.72% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.89%.
Borrowing...
Federal Reserve leaves its key rate unchanged but sees 2 cuts...
WASHINGTON (AP) – Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of...
U.S. economy is in a good place, but the Federal Reserve...
WASHINGTON (AP) – The U.S. economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of...
Inflation rose slightly last month as grocery prices ticked higher
WASHINGTON (AP) – U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.
Consumer prices increased 2.4%...
Average rate on a U.S. 30-year mortgage rises to 6.81%, highest...
The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago.
The...
Federal Reserve official sees signs of slowing economy but not ready...
WASHINGTON (AP) – A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to...
Average rate on a U.S. 30-year mortgage holds steady at 6.76%
The average rate on a 30-year mortgage in the U.S. held steady this week, not far from its highest levels this year, but below...
Federal Reserve leaves key interest rate unchanged
WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump's demands to lower borrowing costs, and...
Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) – The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands...
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