Fed might have cut rates at July meeting: Fed Chair Powell
The central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it ...
Tag: interest rates
Retail sales rise 0.1%, less than expected, lifting odds for big rate cut
US retail sales rose just 0.1% last month — a weaker-than-expected result that likely raises the odds for a large ...
Elon Musk says Fed ‘foolish’ for not cutting interest rates yet
Billionaire Elon Musk said Sunday the Federal Reserve was “foolish” to not have cut interest rates sooner in the wake of ...
‘more good data’ would boost case for rate cuts
Inflation “remains above” the Federal Reserve’s 2% target, but has been improving in recent months and “more good data would ...
Mortgage rates fall below 7% in boost for homebuyers
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid-April, ...
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
The US economy grew at its slowest pace in two years in the first quarter, while prices rose at a ...
Home sales drop for first time since December amid stiff mortgage rates
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising ...
Jerome Powell warns Fed Reserve needs more time to battle stubborn inflation
The run of disappointing data showing stronger-than-expected inflation means the Federal Reserve will likely need more time than previously thought ...
Mortgage rates creep up to 7% as home-buying season begins
The average long-term US mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during ...
MSNBC cuts off Democratic Rep. Jim Clyburn interview after he claims inflation falling
Democratic US Rep. Jim Clyburn claimed on MSNBC that the Biden administration has inflation under control — only to get ...
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