Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
Will October's inflation increase slow the pace of interest rate cuts?
In October, inflation was above the annual inflation rate of 2.4% in September, and it increased 0.2% on a monthly basis, according to BLS. The cost of housing was the most significant contributor to the monthly increase in October,
PPI Inflation Rose in October
Getting inflation back down to 2% is proving to be a grind. Prices paid to producers for their output climbed by 0.2% last month and 2.4% in the 12 months through October, an uptick from the rate in September,
Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Higher prices on rent, used cars and air fares contributed to a statistical bump in the Labor Department's measures of inflation, which most affect consumers.
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
Refinance Rates Hold Roughly Steady for Most Loan Types
Wednesday, but overall, refinance rates were essentially flat. Jumbo refinance loans were among those seeing a modest decline ...
Mortgage Rates Today, Nov. 14: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.25% for a 15-year fixed-rate mortgage ...
What the Latest Fed Rate Cut Means for Mortgage Interest Rates
When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn't a ...
4 Smart Places to Safely Stash Savings Now That the Fed Has Cut Rates
Even with two Fed rate cuts now in the books, you can still easily earn 4% to 5% returns in a number of risk-free ways. One ...
Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.
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Today’s 30-year mortgage interest rates rise to 6.99% while 15-year terms stay at 6.25%
Thinking about taking out a mortgage loan? Current mortgage rates rise to 6.99% for 30-year terms, while 15-year terms ...
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut ...
Jerome Powell says Fed Isn't in Hurry to Cut Interest Rates
"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.
High rates of preterm birth and infant deaths get the US another D+ grade: ‘It’s a travesty’
Being rushed to a hospital nearly two hours away, in the middle of a dangerous spring storm – with fear in her heart and ...
Mortgage rates fall slightly, ending 6-week climb
Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant ...
One of the Most Popular College Majors Has One of Highest Rates of Depression
One of the most popular college majors saw some of the highest growing rates of depression, according to a recent survey from ...