Federal Reserve Chairman Jerome Powell answers a question from a reporter during a press conference following a meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 31, 2024. Andrew Harnik | Despite all the hype surrounding them, Federal Reserve meetings are usually […]
It’s been a long and bumpy road to the Federal Reserve’s first interest rate cut in more than four years – a moment that could be pivotal for the finances of millions of Americans. On Wednesday, the Fed is expected to cut its benchmark interest rate, currently at its highest level in 23 years, after […]
Important points There is an unusual atmosphere of uncertainty surrounding the meeting of the US Federal Reserve on Wednesday. Why? No one is sure whether the Fed will cut its benchmark interest rate by the usual quarter of a percentage point or even by an even more aggressive half a percentage point. In addition, the […]
Americans with record credit card debt carry their debt longer Will the federal government’s potential interest rate cuts help Americans pay off their credit card debt in the second half of 2024? Scripps News This week, interest rates are expected to fall for the first time in four years, but experts say this is unlikely […]
September 18, 2024, 7:47 a.m. CDT In anticipation of a rate cut by the U.S. Federal Reserve, mortgage rates in the U.S. fell to their lowest level since September 2022 last week, triggering a flood of home purchase and refinancing applications. The contract interest rate on a 30-year fixed-rate mortgage fell 14 basis points to […]
A house with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Post | Newsday | Getty Images Mortgage rates fell again last week, and expectations that they could fall even further caused demand for mortgage loans, especially for refinancing, to suddenly skyrocket. The Federal Reserve is expected to make […]
Now that inflation has subsided, the Federal Reserve is expected to cut interest rates by at least 0.25 percentage points this week. That should be good news for all Americans who need credit: business owners, students, and anyone looking to buy a home. Until March 2022, the United States enjoyed historically low interest rates. In […]
WASHINGTON (AP) — The Biden administration is cracking down on cheap products sold from China, stepping up efforts to reduce U.S. dependence on Beijing and bolster domestic manufacturing. But that could mean higher prices for U.S. consumers who flock to popular shopping sites like Temu and Shein. The rule proposed by President Joe Biden would […]
WASHINGTON (AP) — Former President Donald Trump plans to deliver a speech on cryptocurrency and the company’s founding next Monday. World Liberty Financiala crypto platform controlled by the Republican candidate’s sons, Donald Jr. and Eric. His speech will be delivered 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a […]
Target says it plans to hire around 100,000 employees for the holiday shopping season. The retailer’s plans, announced on Monday (September 16), are in line with last year’s hiring numbers and come at a time when analysts expect a slightly slower pace of shopping in 2024. The positions are for Target’s stores and supply chains, […]
