By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy.

Mortgage rates in the US rose for the first time in four weeks, posting the biggest weekly jump since April 2024.

The average rate on the 30-year fixed mortgage rose this week, according to the latest Freddie Mac data. Here's what to know.

The Fed chair signaled the central bank will stand pat on borrowing costs despite President Trump’s trade fight. Investors and the president aren’t happy.

Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,

Removing the chair of the central bank would have severe consequences for markets and the economy, strategists warn.