Feb 26 Average U.S. long-term mortgage rate dips below 6% for the first time since 2022 By Alex Veiga, Associated Press 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%. Continue reading
Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve By Amna Nawaz, Diane Lincoln Estes 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,… Continue watching
Jan 29 Trump says he'll announce Federal Reserve chair pick next week By Associated Press 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. Continue reading
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
Dec 09 A sharply divided Federal Reserve is set to cut interest rates, but may signal a pause to come By Christopher Rugaber, Associated Press The Fed's 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again. Continue reading
Nov 20 Watch 7:52 Delayed jobs report 'definitely complicates' rate cut decision, Chicago Fed president says By Geoff Bennett, Courtney Norris, Nana Adwoa Antwi-Boasiako Job growth was better than expected in September with the best job gains since April, according to the delayed government report. But key data is still missing, and questions remain about the strength of the economy. That uncertainty comes as… Continue watching