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U.S. economy

US mortgage rates fall as Fed cuts interest rates
Oct 9, 2025

30-year US mortgage rate falls to 6.3% lowest in a year

The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3% from 6.34% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.32%. The modest drop brings the average rate back to […]

Fed minutes show split on future interest rate cuts
Oct 8, 2025

Fed minutes show split on future interest rate cuts

Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.

Shutdown halts key economic data as Fed weighs rate cuts
Oct 1, 2025

Shutdown halts key economic data as Fed weighs rate cuts

The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.

Supreme court lets Lisa Cook stay on Fed board for now
Oct 1, 2025

Supreme court lets Lisa Cook stay on Fed board for now

The Supreme Court allows Lisa Cook to remain on the Fed board while Trump’s effort to fire her heads to arguments in January.

Senate deadlock extends Trump-era government shutdown
Oct 1, 2025

Senate deadlock extends Trump-era government shutdown

U.S. shutdown begins after Senate gridlock on health care, furloughing 750,000 workers and raising fears of nationwide economic fallout.

US consumer confidence falls on inflation, weak jobs
Sep 30, 2025

US consumer confidence falls on inflation, weak jobs

Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.

Powell signals Federal Reserve to move slowly on interest rate cuts
Sep 23, 2025

Powell signals Federal Reserve to move slowly on interest rate cuts

Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.

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 […]

Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Sep 16, 2025

Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.

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