Tag: interest rates
Powell faces fresh challenges to Fed independence amid potential rate cuts
WASHINGTON (AP) – Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces...
Powell signals Fed may cut rates soon even as inflation risks...
JACKSON HOLE, Wyo. (AP) – Federal Reserve Chairman Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate...
Average rate on a 30-year mortgage holds steady at lowest level...
The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for...
Fed minutes: Most officials worried about inflation moving higher
WASHINGTON (AP) – Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job...
Homeowners turn to cash-out refinancing to take advantage of big gains...
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated.
The trend sent cash-out home refinancing activity to a...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) – The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President...
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...
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