Fed cuts rates, mortgage rates stay high
The cost to borrow money has gone down slightly after the Federal Reserve approved to lower interest rates by a quarter point last week.
The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday.
The cost to borrow money has gone down slightly after the Federal Reserve approved to lower interest rates by a quarter point last week.
Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
The Federal Reserve did not cut interest rates at its Wednesday meeting.
The Federal Reserve is in no rush to cut interest rates.
For the fourth time the Federal Reserve is holding interest rates steady.
The Federal Reserve says it will hold interest rates steady for now.
This afternoon, the Federal Reserve raised it’s interest rate by a quarter of a point.
“Supervisors failed to take forceful enough action,” the Fed report said.
U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation