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The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.
Citing sharp downward revisions to U.S. job growth, Bowman reiterated her forecast for three cuts this year while warning that declining data reliability complicates policymaking.
That’s because credit is produced, not decreed or managed by central banks. Individuals, banks, and governments borrow money ...
Federal Reserve keeps interest rates high despite rise in unemployment and economic concerns. Decision unnecessarily ...
In other words, there was no urgency to alter course. At the Fed’s next policy meeting, six weeks from now, things should be ...
Whatever happens at September's Federal Reserve meeting will pale in comparison to a wholesale rethinking of the U.S. central ...
A fresh reading on inflation will greet investors as stocks have surged back to record highs despite fears of rising price ...
JPMorgan Chase & Co.’s top U.S. economist now expects the Federal Reserve will cut interest rates three times in 2025, ...