Powell, Trump and interest rates
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Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.
The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check,
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.
Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.
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The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
Homeownership is often seen as a cornerstone of the American Dream. But for some who bought in recent years, it’s become a costly source of stress.
Higher inflation could give the Bank of England pause for thought over cutting interest rates.
Nordea Bank, the Nordic region's biggest lender, reported second-quarter operating earnings just above market expectations on Thursday, even as its net interest income fell due to lower interest rates.
You don't need to have $10,000 on hand to earn a competitive interest rate on your savings. Most of the CD accounts on our list don't have a minimum deposit required to lock in a high CD rate. Here's what you could earn with other deposit amounts: