Tag Archives: Interest

Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech  The New York Times Trump moves to oust Federal Reserve Chair Jerome Powell in unprecedented move  NBC News Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher  NPR Powell’s Signal on Possible Rate Cut Not Enough for Trump  Bloomberg Fed’s Powell says monetary policy framework back on more …

NEW YORK (AP) — Wall Street is rallying on Friday toward its best day in months after the head of the Federal Reserve hinted the cuts to interest rates that investors and President Donald Trump crave so much may be on the way. The S&P 500 leaped 1.6%, and its first gain in six days has it on track to …

Topline Federal Reserve Chair Jerome Powell will take the stage at the Fed’s annual symposium in Jackson Hole, Wyoming, for the final time on Friday, as investors and the Trump administration await signs the central bank will soon ease interest rates. The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair …

Mortgage Interest Rates Today: Mortgage Rates Stay Put—for Now—While Fed’s Next Step Looms  Realtor.com Mortgage rates hold steady at lowest level of the year  Yahoo Finance Average rate on a 30-year mortgage holds steady at lowest level in nearly 10 months  woodtv.com Current refi mortgage rates report for Aug. 21, 2025  Fortune Mortgage Rates Drop to 10-Month Low, Pushing Down Monthly Housing Payments  Redfin Source …

President Donald Trump has gone on a bond-buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike. Trump put millions of dollars behind his bond strategy in February including between $500,000 and $1 million each into bonds issued by companies such as Home Depot, T-Mobile, and United Healthcare. Another …

Russia’s strikes on U.S. factory show it has no interest in peace, Ukraine says  The Washington Post Russian cruise missiles hit US company in massive Ukraine strike amid Trump’s peace push  Fox News Russia launches biggest wave of strikes on Ukraine for weeks  BBC Russian airstrikes hit a U.S. factory in western Ukraine  NPR Russia carries out its biggest attack in more than a …

JACKSON, Wyoming (Reuters) -Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank’s 2% target and the labor market still in solid shape. “I think we’re in a really good spot and I think we really have to have very definitive data to be moving that …

WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis …

The Inflation Panic Is All Wrong. How Tariffs Could Lead to Interest Rate Cuts.  Barron’s Inflation or recession? Either way, Trump’s tariffs will leave lasting scars.  The Hill Why the economy could be headed for an inflation roller coaster ride  Business Insider Tariffs are generating inflation  Financial Times Local financial advisor weighs in on inflation, tariffs and the economy  Spectrum News Source link

Bessent calls for series of rate cuts US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve’s next meeting in September, and called for a series of rate cuts. His comments come after data showed inflation held steady at 2.7% in July. He said the central bank’s benchmark ought to be …