News

The Federal Reserve cut interest rates in 2024 after having raised them 11 times throughout 2022 and 2023 to combat inflation, but savings rates still haven't substantially declined.
The pivot from rate hikes in 2022 and 2023 to rate cuts was widely forecast, and a big reason behind the S&P 500's epic 24% ...
Also, the strain of high interest rates is still weighing on the economy, and consumers look overstretched, given low saving rates. The Fed will need to cut much more to offset these headwinds.
U.S. Rep. Abe Hamadeh urged Federal Reserve Chairman Jerome Powell to resign, citing Powell's unwilingness to lower interest rates.
Experts say average 30-year fixed mortgage rates are likely to stay above 6.5% in the coming months, with a potential for small and temporary dips, not substantial drops. Prospective homebuyers are ...
After a flurry of cuts in late 2024, the Fed has paused so far in 2025. CNBC Select looks at when interest rates could drop again and what that means for the economy.
July Mortgage Forecast: Will Interest Rates Budge This Summer? As Trump's trade war heats back up, the outlook for Fed cuts and lower mortgage rates isn't great.
Experts from Comerica Bank and S&P Global Ratings expect the Federal Reserve to maintain a steady course involving interest rates during this week’s Federal Open Market Committee (FOMC) meeting ...
The Fed, helmed by Chair Jerome Powell, is expected to hold rates steady this month despite pressure from President Donald Trump to make cuts.