News

Inflation Rises, Narrowing Chances for a Fed Rate Cut

The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% ...

Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...

Hassett on Trump’s next Fed chair: ‘We’ll have to see if he chooses me’

National Economic Council Director Kevin Hassett signaled in a Sunday interview that he is open to succeeding Federal Reserve ...

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts ...

Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts

The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...

Kugler resigning from Fed, opening door to Trump appointment

The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central ...

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...

Fed’s preferred inflation gauge ticks up as tariffs lift prices — casting cloud on September rate cut

The Federal Reserve’s preferred inflation gauge ticked up slightly in June as tariffs on imports started raising the cost of ...