Interest Rate News Today

US Could Cut Interest Rates 3 Or 4 Times This Year

US Could Cut Interest Rates 3 Or 4 Times This Year: Fed Official

The US Federal Reserve could cut rates three or four times this year if inflation data cooperates, with a first cut possible before July, a senior bank official said Thursday.

CNBC on MSN · 5h

Fed Governor Waller sees potential for multiple interest rate cuts in 2025

Fed Governor Christopher Waller told CNBC on Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. "As long as the data comes in good on inflation or continues on that path, then I can certainly see rate cuts happening sooner than maybe the markets are pricing in," he said.

The Associated Press - Busines… · 9h

Why are interest rates rising when the Fed has been cutting them?

The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records.

Forbes · 1d

Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

Average mortgage rate reaches 7% for 1st time since May

The Associated Press - Busines… · 4h

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.

Newsday · 5h

Average mortgage rate reaches 7% for first time since May

The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The average has now climbed for five straight weeks, and this week marks the first time since May the it has climbed above 7%.

New York Post on MSN · 5h

Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers

The interest rate on 30-year mortgages rose last week to an eight-month high, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average rate on the most popular home loan reached 7.

Bank of Korea unexpectedly holds rate steady

Reuters · 18h

Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh

South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday and signalled it needs to wait for the domestic political turmoil weighing on the currency to stabilise before it can make further rate cuts.

Wall Street Journal · 22h

Bank of Korea Surprises by Holding Rates Steady as Uncertainty Lingers

South Korea’s central bank kept its benchmark seven-day repurchase rate unchanged at 3.00% on Thursday, following a back-to-back rate cut in November.

CNBC on MSN · 22h

Bank of Korea leaves rates unchanged at 3% in a surprise move

South Korea's central bank Thursday held its benchmark policy rate at 3% in a surprise move, opting to assess changes in domestic and external economic conditions after having delivered two back-to-back cuts in its previous meetings.

3hon MSN

What savers should do now with interest rates on pause

A rise in inflation all but assures a pause in interest rate cuts. Here's what savers should do in the interim.

2hon MSN

Treasury yields end at lowest levels in weeks on rate-cut possibilities

Yields on U.S. government bonds ended at their lowest levels in weeks on Thursday after one key policymaker spoke about the possibility of multiple 2025 interest-rate cuts by the Federal Reserve.

2don MSN

Capital One accused of ‘cheating millions of customers’ out of interest rate payments

Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying ...

2don MSN

What's the HELOC and home equity loan interest rate forecast for 2025?

Home equity is at an all-time high, but what will happen with these borrowing rates this year? Experts weigh in.

Cooler core inflation revives bets on Fed rate cuts

Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, ...

legit6h

Expert Advises CBN on Monetary Policy, Interest Rate Decision As Inflation Hit 34.8 Per Cent

The Centre for the Promotion of Private Enterprise has advised the Federal Government and the Central Bank of Nigeria against ...

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