As part of its penance for not making business decisions that pleasethe feds, Chevy Chase Federal Savings must commit $140 million in home loans--at lower than market rates--to areas dictated by regulators. Cooked books More results ►...
For the years from 2014 through 2023, CBO's deficit forecast is $618 billion less than it what it estimated in February. The office attributed the decline to lower projected spending for Social Security, Medicare and Medicaid, and interest on the public debt. Not that the country's long-ter...
"Whether you're on the higher side or the lower side of where it's going to settle down, almost everybody agrees that it's well below where we are today. So as we get closer to where the disagreement is about what's the settling point, I can see that it makes perfect sense to s...
Changes in interest rates also have a less direct, but still very tangible effect on various other industries. For instance, lower rates mean lower refinancing costs forreal estate investment trusts (REITs). It also means a lower corporate borrowing rate, which helps not only REITs, but many o...
For Daly, a neutral benchmark interest rate would be in the range of 2% to 3%, and only rates lower than that range would qualify as easing. Read on: Latest inflation report helps Biden. But all eyes are on his press conference tonight. ...
Republicans focused on the conditions that would warrant lower rates and encouraged Powell to not move until inflation was beaten; Democrats tried to draw him out on issues like proposals by a Republican-aligned group, called Project 2025, to overhaul and potentially weaken the Fed,...
In fact, as a whole, Americans earn billions of dollars more interest than they pay, a longstanding pattern that today’s high interest rates haven’t changed, as data from the Bureau of Economic Analysis shows.1 “To the millions of risk-averse folks—many of them ...
With Federal Reserve officials all but guaranteed to hold interest rates steady today, Wall Street’s attention will be laser-focused instead on whether Chair Jerome Powell and his colleagues are getting more pessimistic about the outlook for inflation....
federal reserve bank of new york president john williams said wednesday that inflation is still at problematic levels and the u.s. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “inflation is ...
Wall Street’s initial reaction to Wednesday’s cut was a yawn, after markets had already run up for months on expectations for coming reductions to rates. Stocks ended up edging lower after swinging a few times. “Yet we come in today and have a reversal of t...