Bank of America resets interest rate cut forecast after inflation shocker
The decision comes after the central bank trimmed rates three times starting in September 2024, which has pushed down the ...
Construction Dive1d
Inflation heats up to 3% as Trump calls on Fed to cut main rate
The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the ...
Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective ...
Fed Chair Sees Elon Musk's Audit Push As Threat To Central Bank's Existence
Federal Reserve Chair Jerome Powell said he views proposals to "audit the Fed" floated by Elon Musk and others last week as a ...
Inflation rises as consumer prices surge in January
January's Consumer Price Index shows a significant increase, with economists concerned about future price hikes.
Trump wants lower interest rates to go ‘hand in hand’ with tariffs, but yields are soaring after inflation data came in hot
Trump has repeatedly criticized Federal Reserve Chair Jerome Powell, whom he appointed to lead the central bank in 2018.
Trump's comments won't affect interest rate decisions by the Fed, Powell says
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...
CNET2d
Mortgage Predictions: Inflation's Comeback Isn't Good for Homebuyers
Along with inflation, the Fed is also weighing employment data. If the job market remains robust by official standards, ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
Federal Reserve Chair Jerome Powell was expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate cutting campaign after pausing last month amid ...
Pensions&Investments2d
Hotter-than-expected January inflation numbers may put 'final nail in coffin for rate-cut cycle,' asset managers say
A stronger-than-expected January inflation figure is likely to further cement the Federal Reserve’s cautious approach to ...