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Federal Reserve

Wall Street holds near its record heights
Sep 23, 2025

Wall Street holds near its record heights

U.S. stocks eased Tuesday after record highs, with Nvidia slipping and gold prices soaring past $3,800 amid Fed rate-cut expectations.

US mortgage rates fall as Fed cuts interest rates
Sep 18, 2025

US mortgage rates fall as Fed cuts interest rates

U.S. mortgage rates fell for a third week, with 30-year loans at 6.26%, as the Fed cut rates and signaled more reductions ahead in 2025.

Trump asks Supreme Court to remove fed governor Lisa Cook
Sep 18, 2025

Trump asks Supreme Court to remove fed governor Lisa Cook

The Trump administration asked the Supreme Court to oust Fed Governor Lisa Cook, an unprecedented move to reshape the central bank’s independent board.

US jobless claims drop after hitting 4-year high
Sep 18, 2025

US jobless claims drop after hitting 4-year high

U.S. jobless claims fell by 33,000 to 231,000 after spiking to a nearly 4-year high, as weak labor data drives Fed interest rate cuts.

Federal Reserve cuts key rate for first time this year
Sep 17, 2025

Federal Reserve cuts key rate for first time this year

WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and it lowered its short-term rate […]

Wall Street holds steadier following a whipsaw couple of days
Sep 12, 2025

Wall Street coasts toward the finish of its best week in the last 5

NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels. The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as […]

Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
Sep 11, 2025

Trump administration requests emergency ruling to remove Cook from Fed board

WASHINGTON (AP) — The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve‘s board of governors by Monday, before the central bank‘s next vote on interest rates. The request represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next Tuesday and […]

Average rate on a 30-year mortgage falls to lowest level in nearly a year
Sep 11, 2025

Average rate on a 30-year mortgage falls to lowest level in nearly a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, […]

US inflation worsened last month as the cost of gas, food and airfares jumped
Sep 11, 2025

US inflation worsened last month as the cost of gas, food and airfares jumped

WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding […]

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Sep 10, 2025

Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook

WASHINGTON (AP) — President Donald Trump‘s administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal came hours after U.S. District Judge Jia Cobb handed down the ruling. The White House has insisted Trump, a Republican, has the right […]

Senate committee approves Trump’s Fed Board nominee, raising concerns about its independence
Sep 10, 2025

Senate committee approves Trump’s Fed Board nominee, raising concerns about its independence

A Senate panel approved Trump nominee Stephen Miran for the Fed board in a partisan 13-11 vote, setting up a likely full Senate confirmation.

Stocks hang near their records as hopes for rate cuts underpin markets
Sep 9, 2025

Stocks hang near their records as hopes for rate cuts underpin markets

U.S. stocks hovered near record highs Tuesday as expectations grew that the Federal Reserve will cut interest rates at its upcoming meeting.

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