US GDP grew by 2.3% on an annualised basis in the final quarter, according to the Bureau of Economic Analysis. This was slower than the 2.6% annualised growth expected by economists polled by Reuters.
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...
The Federal Reserve put a pause on interest rate cuts at its January meeting, finally admitting what we’ve been saying for quite a while: price inflation is still sticky.
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While Powell revealed little about the Fed’s plan of action, it is becoming more likely that interest rates will also be held ...
The Fed has decided to hold rates at 4.25–4.50%, signaling caution amid rising inflation, which could lead to fewer rate cuts in 2025. Read more here.
Inflation is still somewhat elevated, according to the Fed. It is currently at an annualised rate of 2.9 per cent, down from a peak of 9.1 per cent in June 2022, but still above the central bank’s 2 ...
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of ...
The US Federal Reserve left the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, as recent data showed inflation is picking up. “The Committee judges that the risks to ...
The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.
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