Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.

Trump indicated to Republicans during a meeting in the Oval Office that he plans to fire Powell, a senior White House official told The Hill, and markets quickly dipped, with the S&P 500 falling into ...

Treasury Secretary Scott Bessent joins Morning Joe to defend President Trump’s aggressive trade strategy, insisting “who pays ...

U.S. Treasury Secretary Scott Bessent said on Wednesday that the Federal Reserve’s assessment of the inflationary impact of tariffs may be flawed, and confirmed that President Donald Trump is ...

News Detroit, we want to make sure you start your day off on the right foot, informed about weather, traffic, the latest news ...

Bank of America's U.S. rates strategy team notes that outsized foreign private demand has also been evident in more recent ...

No one in office wants to do a major renovation of a historic building during their term in office,” he said in June. But Powell sees the project as necessary. According to the Fed’s information page ...

Wall Street was poised for a stronger start on Wednesday after President Donald Trump struck a trade deal with Japan, shoring ...

U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new ...

President Donald Trump said Tuesday he is considering eliminating capital gains taxes on home sales, a move that could ...

Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.

Preferred Bank is a regional bank focused on real estate financing, with 95% of revenues coming from net interest income.