News

Weekly mortgage rates fall again as September rate cut seems likely

The 30-year fixed-rate mortgage averaged 6.66% in the week ending Aug. 14, down four basis points from the previous week.

Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harder

A hotter-than-expected wholesale inflation report just made the Federal Reserve’s decision regarding a September rate cut ...

Exclusive: Fed’s Daly Says Jumbo Rate Cut Next Month Doesn’t Seem Warranted

San Francisco Fed President Mary Daly pushed back against the need for an interest-rate cut of a half percentage point, or 50 ...

PPI report casts doubt on Bessent’s call for 50-basis-point Fed cut in September: ING

The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point ...

Gold heads for weekly decline as US price data dims hopes of big Fed cut

Gold prices edged higher on Friday, buoyed by a weaker dollar, but were poised for a weekly decline after ...

Stock market today: Dow jumps 450 points as S&P 500, Nasdaq log back-to-back records on surging Fed rate cut bets

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Fed's current monetary policy stance is 'exactly where we want to be,' official says

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...

Gold falls as hot US data lifts dollar, yields; cools hopes for jumbo Fed cut (Aug 14)

Gold prices fell on Thursday as hotter-than-expected U.S. inflation data and a drop in jobless claims lifted the dollar and ...