Stocks end lower after Powell throws cold water on hopes for December interest-rate cut
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.
Bank of Mexico lowers key interest rate, leaves door open to future cuts
The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, ...
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
Jobless claims fall to lowest level in 6 months, following drop in interest rates, inflation
The Labor Department reportedt hat jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9 — less than the ...
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late ...
New York Post11h
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
The central bank’s inflation fighters have been satisfied enough with the improvement to cut their benchmark interest rate ...
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
The producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0 ...
What the Latest Fed Rate Cut Means for Mortgage Interest Rates
When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn't a ...
Alaska Dispatch News1d
Powell says Federal Reserve will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell suggested that inflation may remain stuck somewhat above the Fed’s target in the coming months.