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,...
WCCO-TV's Jonah Kaplan talks with the Federal Reserve Minneapolis about why the central bank is raising interest rates and how that will affect Americans' bank accounts.
which showed a sharp drop in the unemployment rate to a healthy 3.9%, and an unexpected wage increase, has helped fan those concerns. While lower unemployment and higher pay benefit workers, those trends can potentially fuel rising prices ...
The business opportunity in banks as interest rates rose was moving money from low-yield savings into higher-interest, rate-timed accounts, like certificates of deposit. Lower interest rates mean that activity will subside, but mortgage lending and business borr...
There are a few events in November that could help push home equity borrowing rates lower, experts say.
further progress on inflation, there “could” be a rate cut; or if it shows a “significant downturn” in the labor market, there “could” be a rate cut; but if inflation persists while the economy remains “solid,” there may not be a rate cut at all “fo...
“People — especially work-from-home employees — are leaving for warm weather and lower taxes,” LendingTree chief credit analyst Matt Schulz says. “Especially for Florida and Texas, those two factors have been instrumental in driving a lot of the growth.” ...
. . this is going to continue for most of the year. Again, we don’t know what the news is. It could be a rush for safety. It could be a recession. It could be deflation. . . . I think we will have a deflationary crisis, and that’s why interest rates will go much lower....
Cruz, the Ilha Pura CEO, said this village was "completely different." He said Rio organizers considered "cheaper apartments" to help lower-income families "like London and other cities did in the past." "But for these Olympic Games, what we offered the International Olymp...
Other financial products like credit cards are also based on the prime rate, so those have seen reductions in recent weeks, too (though much smaller ones than on HELOCs). "One of the benefits of the Feds' recent decision to cut the federal funds rate is that it's caused the ra...