News

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Bessent Says Interest Rates Should Fall by at Least 1.5 Percentage Points Over Time

Treasury Secretary Scott Bessent said interest rates should be substantially lower than they are now, and he believes there ...

Scott Bessent joins Trump in pushing Fed for lower interest rates

It's the first time that Bessent has pressured the central bank for lowering the cost of borrowing, citing weak employment ...

Mortgage Interest Rates Today: Mortgage Rates Drop to Four-Month Low as Pressure Mounts on Fed

The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.

Have a CD account maturing right before interest rates are cut? Do this now.

Is the timing between your CD account maturity date and a rate cut set to collide? Consider taking these steps now.

Fed's Daly says 50 basis point rate cut next month doesn't seem warranted, WSJ reports

San Francisco Federal Reserve President Mary Daly has pushed back against the need for an interest rate cut of 50 basis ...

There's one thing that could throw cold water on rate cuts, says one of the contenders for Fed chief

The 10-year Treasury yield will be a key factor determining how aggressively the Fed can cut rates, Marc Sumerlin, a contender for Fed Chair, said.

The Case for Interest-Rate Cuts Is Weak. But Trump Is Still Likely to Get Them.

Growth, inflation and jobs data don’t signal rates cuts. Yet the odds of a quarter-point September cut are at just under 100% ...