News

Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief
As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...
Mortgage Rates Dropped Ahead of This Week's Fed Meeting—But the Link May Be Weaker Than You Think
Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...
U.S. Economy Grew 3% Despite Trump's Tariffs as He Repeats Call for Fed Chair To Lower Rates
The economy grew at a healthy rate despite the back-and-forth with Trump's tariffs, but the true test will come after the ...
Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...
Trump ramps up pressure on the Fed to slash rates to 1% — but would that be risky for US jobs, savings and investments?
Despite President Trump ramping up pressure on Federal Reserve Chair Jerome Powell to cut interest rates, the Fed held rates ...
Kugler resigning from Fed, opening door to Trump appointment
The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central ...
Federal Reserve gov’s exit could accelerate Trump’s selection of next chair
Adriana Kugler’s exit unfolds amid unprecedented public pressure from the White House on the central bank over monetary ...
Fed Governor Adriana Kugler Resigns Early in Boost for Trump: What To Know
Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed ...
Fed stands pat on rates, but jobs report signals it may regret It: This week in markets
After nearly four months of relentless gains, Wall Street took a step back, with major indexes finishing the week lower.
Jobs report shocker resets Fed interest rate cut bets
Since unemployment was higher than expected and is potentially nearing a cycle high, the CME FedWatch tool reported that bets for a Fed interest rate cut in September improved to 87% on August 1 from ...
Federal Reserve governor resigns, creating vacancy for Trump
One of the seven members of the Federal Reserve Board of Governors, Adriana Kugler, is stepping down next week, creating an ...