Interest rates
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Business
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting…
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Business
New-home construction slumps for 5th straight month
US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity,…
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Business
Mortgage rates fall to 6.47%, lowest level in more than a year, as Fed cut looms
Mortgage rates fell to their lowest level in more than a year in a welcome sign for the beleaguered housing…
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Business
‘Too much pressure on the brakes’
US central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a…
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Business
US should raise taxes, wait until late 2024 to cut rates: IMF
The International Monetary Fund on Thursday said the Federal Reserve should not cut interest rates until “late 2024” and the…
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Business
Top Fed officials signal possible rate cut as inflation cools
Two top Federal Reserve officials signaled that the central bank may cut interest rates later this year as inflation has…
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Business
Fed Chair Powell condemns assassination attempt on Trump
Federal Reserve Chair Jerome Powell on Monday said he was grateful the injuries that former President Donald Trump suffered during…
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Business
JPMorgan CEO warns inflation and rates may stay higher for longer
JPMorgan Chase CEO Jamie Dimon warned that inflation and interest rates may stay higher for longer than expected, even as…
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Business
Inflation eases to 3% in June — stoking hopes for Fed rate cut
Inflation numbers reported by the government on Thursday came in cooler than anticipated — fueling Wall Street anticipation of an…
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Business
‘more good data’ would boost case for rate cuts
Federal Reserve Chair Jerome Powell on Tuesday said the trade-offs between bringing inflation down and maintaining a solid labor market…
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