Economy Mar 19 Average U.S. long-term mortgage rate rises to 6.22%, highest in more than 3 months By Alex Veiga, Associated Press
Economy Mar 18 WATCH: Fed Chair Powell holds news briefing after interest rate left unchanged Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. By Christopher Rugaber, Associated Press
Economy Feb 26 Average U.S. long-term mortgage rate dips below 6% for the first time since 2022 The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%. By Alex Veiga, Associated Press
Economy Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve President Trump announced Kevin Warsh as his pick to be the next chairman of the Federal Reserve. Warsh was an advisor to George W. Bush and served on the Federal Reserve’s Board of Governors from 2006 to 2011. If confirmed,… By Amna Nawaz, Diane Lincoln Estes
Economy Jan 29 Trump says he'll announce Federal Reserve chair pick next week President Donald Trump said his pick will do a "good job" and that he wants the Fed to cut rates when there are signs of economic growth. By Associated Press
Jan 27 WATCH: Powell holds news conference after Federal Reserve leaves interest rate unchanged By Christopher Rugaber, Associated Press The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”… Continue reading
Jan 10 Banks balk as Trump pushes for 1-year, 10% cap on credit card interest rates By Ken Sweet, Seung Min Kim, Associated Press Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner. Continue reading
Dec 24 U.S. unemployment claims dropped again last week, remaining at a historically healthy level By Matt Ott, Associated Press U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week's 224,000, the Labor Department reported Wednesday. Continue reading
Dec 10 Watch 5:46 Federal Reserve cuts interest rates amid mixed economic data and divisions in its ranks By Amna Nawaz, Diane Lincoln Estes The Federal Reserve cut interest rates Wednesday for the third time in a row, but left big questions about any additional rate cuts in the future. The Federal Open Market Committee voted to cut its benchmark rate by a quarter… Continue watching
Dec 10 WATCH: Powell holds news briefing after Fed decision to cut interest rates By Christopher Rugaber, Associated Press In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year. Wednesday’s cut reduced the rate to about 3.6%, the lowest it has been in nearly three years. Continue reading