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Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady but projects one hike later this year amid inflation concerns under new chairman Kevin Warsh.
Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses
Software companies in the US are delaying debt deals due to rising borrowing costs and lender scrutiny amid fears of AI disrupting business models.
Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
Trump ramps up attacks on the Federal Reserve but Powell sticks to ‘wait and see’ stance
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs. Powell, speaking in Sintra, Portugal, at a conference […]
Powell signals patience on rate cuts despite Trump pressure
Fed Chair Powell says rate cuts must wait, rebuffing Trump ahead of hearings.
Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]
30-year mortgage rates climb to 6.89%, highest since Feb
U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.
