The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Fed's Kashkari says deportations could disrupt labor for business
WASHINGTON, Nov 10 (Reuters) - Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.
President-elect Donald Trump won Pennsylvania after losing the state in 2020. Scott Pelley visited to find out what was ...
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Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slowAfter a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Trump's plans for tariffs could stoke inflation and make the Fed's interest-rate decisions more complicated.
In what's been an eventful week, traders are now turning their focus on the Federal Reserve. Policymakers are expected to ...
After a single-minded focus on bringing inflation down, the central bank has pivoted toward achieving a soft landing.
Much has changed in the economy since you left office in 2021. You’re inheriting an amazing recovery. But that can change ...
He takes the Fed's independence seriously and wanted to drive that point ... We should remember that the U.S. is a services ...
Many economists warn that Trump’s plans are likely to worsen the inflation he’s vowed to eradicate, drive up the federal debt ...
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