Fed expected to cut interest rates despite rising inflation. Here's why
Price increases are rising again, just when the Federal Reserve had appeared close to declaring "mission accomplished" in its ...
Average mortgage rate falls for third straight week
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective ...
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Economists see election slowing Fed rate cuts through 2025
President-elect Trump's victory will have a direct impact on how much the Federal Open Market Committee will cut short-term ...
US applications for jobless benefits rise to highest level in 2 months but remain relatively low
US applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to ...
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more ...
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Mortgage Predictions: New Inflation Data Cements a Fed Cut Next Week
Mortgage rates could still fall if economic data weakens and the Fed continues cutting interest rates. But that's a big "if." ...
30-Year Mortgage Rates Edge Higher for Second Day
After sinking most of three weeks and notching a 7-week low, 30-year mortgage rates have ticked up the last two days. Rate ...
Refinance Rates Holding a Bit Above 8-Week Low
After notching their lowest level in eight weeks on Monday, 30-year refi rates have moved a bit higher the last two days. Rate movement was mixed for other refi loan types.
Wall Street hopes rate cuts will force clients out of cash in 2025
Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to ...