Trump, Powell and interest rates
Digest more
4d
Money Talks News on MSNThis Is What 1% Interest Rates Would Mean for Your MoneyPresident Donald Trump wants the Federal Reserve to slash interest rates to 1%, arguing it would make government borrowing cheaper and boost the economy. But rates that low haven’t been seen since the dot-com crash, the 2008 financial crisis, and the COVID-19 pandemic. They’re typically a crisis response, not a sign of economic strength.
With June's inflation reading coming in hotter than the month prior, the Fed is under renewed pressure to maintain its current target range for the federal funds rate. Analysts now see little chance of a rate cut in the near term. That means HELOC borrowers are unlikely to see significant rate drops anytime soon.
The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.
Big-name banks often pay insultingly-low interest rates. See what they're really paying and why switching to a high-yield account could earn you more.
If you’ve been putting off a big purchase because you’re waiting for interest rates to drop back down to pandemic-era lows, you might want to reset your expectations. A new study finds that the probability of the Fed dropping rates to zero again is extremely low.
Hong Kong residential market could be in for a sustained rebound after a boost from a rallying stock market and low interest rates
Economists were hoping for a 2025 turnaround in the housing market, and home buyers could still get some relief if mortgage rates turn lower later this year.
Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the yuan on bets domestic interest rates will remain low.
Irish mortgage interest rates fell to their lowest rate in over two years in May, according to new figures from the Central Bank.