Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed’s Next Rate Decision.
Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday. Investors and economists will be listening closely for clues about the Fed’s interest rate decision for December and the outlook for policy in 2025.
Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.
Powell says Fed doesn’t need to hurry to cut interest rates
Federal Reserve Chair Jerome Powell said Thursday that the economy is in a good place, with inflation on a sustainable path back to the central bank’s 2% target, and that he expects inflation to continue to come down on a “sometimes bumpy” path.
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent Inflation Pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Fed’s Powell: Rate cuts are still underway
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,
Jerome Powell: Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
Federal Reserve Chair Jerome Powell speaks to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session.
Bank of Mexico lowers key interest rate to 10.25%
The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.25% in a unanimous decision, it said on ...
The Fed’s Kashkari Sees a December Interest-Rate Cut. Unless There’s an Inflation Surprise.
A higher neutral rate could limit interest rates’ decline, Minneapolis Federal Reserve President Neel Kashkari said.
USA TODAY on MSN6d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late ...
Jobless claims fall to lowest level in 6 months, following drop in interest rates, inflation
The Labor Department reportedt hat jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9 — less than the ...
CNET1h
Compound Interest Helped Me Double My Savings In One Year
By setting up automated transfers into a high-yield savings account, I watched compound interest do its magic.
The Associated Press on MSN6d
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that ...
How to Calculate the Break-Even Interest Rate on Bonds
To calculate the break-even interest rate, you need to know the yields to maturity and the number of years left before the ...
Business Daily Africa2h
Interest on land rates default to be capped at Central Bank Rate
Property rates remain a major revenue source for counties but have been slowed down by high default rates, with a joint ...