Mortgage Rates Aren’t Moving in the Same Direction as the Federal Funds Rate—Here’s Why
Mortgage rates aren’t directly tied to the federal funds rate like savings and CDs. Instead, they’re tied to the 10-year ...
Fed's Goolsbee says the big picture is that rates are moving lower
Stepping back from the day-to-day volatility, the bottom line is that interest rates are going to move lower, said Chicago Fed President Austan Goolsbee, on Friday. "As long as we keep making progress ...
Chattanooga Times Free Press29m
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in ...
October retail sales add further complexity to Fed rate cut bets
U.S. retail sales rose firmly again last month, Commerce Department data indicated Friday, suggesting consumer spending and ...
Dow Jones Today: Stock Futures Lower as Major Indexes on Pace for Weekly Losses
Stock futures were lower Friday, putting major indexes on pace to post weekly losses, as the election-fueled rally that ...
Prediction: The Fed's Rate Cuts Will Lead to Lower Home Prices in 2025
The Federal Reserve's rate cuts won't directly lower home prices in 2025. But they could spur a chain reaction that leads to ...
Voters blamed Biden and Harris for rising costs. Was that fair? We asked economists.
“Biden/Harris don’t bear primary blame for the inflation,” said Jeffrey Frankel, a Harvard University economist. “Primary ...
Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.13%
Thinking about taking out a mortgage loan? Current mortgage rates fall to 6.88% for 30-year terms, while 15-year terms ...
Wall Street down again early Friday, on track for third losing week in last four
Wall Street was headed for more losses before the opening bell on Friday and is on track to log its third losing week out of ...
ConsumerAffairs33m
Credit card debt rose by $24 billion in the third quarter
The Federal Reserve Bank of New York's Center for Microeconomic Data has released its latest Quarterly Report on Household ...
October retail sales top estimates, September spending revised sharply higher
October's retail sales report will be closely watched by investors for signs that the US economy remains on solid footing as ...
Top 7 banking mistakes that could be costing you money (and how to avoid them)
As you get older, it’s easy to fall into banking habits that can quietly erode your hard-earned money. See 7 common banking ...