Interest rates
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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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Business
Labor market keeps cooling as applications for unemployment benefits rise
First-time applications for unemployment benefits increased last week, while the number of people on jobless rolls rose further to a…
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Business
Fed’s preferred inflation gauge was up 2.6% in May
A key inflation gauge used by the Fed to track inflation was up 2.6% last month — a fresh signal…
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