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The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.
Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...
In the run-up to Wednesday's announcement, some Fed officials have been signaling that the current rate has been enough to knock inflation down toward the central bank's 2% target.
WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has ...
Jerome Powell had big news Wednesday afternoon, with the Federal Reserve chair announcing the first interest rate cut in over four years. The federal funds rate, also known as the base interest ...
The announcement comes after a yearslong effort to fight inflation with highly elevated interest rates. Speaking at an annual gathering in Jackson Hole, Wyoming, Powell said the "time has come ...
Federal Reserve Chair Jerome Powell at the Senate Banking Committee on July 9. The Federal Reserve is expected to announce Wednesday its first interest rate cut since 2020. How big that cut will ...
Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current ...