Fed Governor Lisa Cook Says She ‘Wholeheartedly’ Backed Half-Point Rate Cut
Federal Reserve Governor Lisa Cook said she “wholeheartedly” supported the central bank’s move last week to cut interest rates by a half percentage point, citing a slowing labor market and easing ...
Fed's Cook says she 'wholeheartedly' supported half-point rate cut
Federal Reserve Governor Lisa Cook on Thursday endorsed the U.S. central bank's 50-basis-point interest-rate cut last week as ...
The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading ...
Finance & Commerce4h
Single-family permits down in September
Single-family housing starts in the Twin Cities dipped into negative territory this month for the first time in more than a ...
US economy grows at solid 3% rate boosted by consumers, businesses
GDP picked up sharply in the second quarter from the tepid 1.6% annual rate in the first three months of the year.
Inflation Data 'Will Be Watched Like A Hawk' Friday After Fed's Interest Rate Cuts
Friday's Personal Consumption Expenditure (PCE) price index report could validate the recent decision to cut interest rates ...
Waiting to see the impact of the latest Fed rate cut before buying a home? Experts predict no short-term relief for buyers — here's why
For well-qualified buyers with money to put down who can afford a mortgage at today's rates, it may make sense to jump in now ...
Stock Market Today: Dow up 250 points, S&P 500 hits record high after upbeat economic data
The Federal Reserve will likely cut interest rates by a modest 25 basis points in November given the U.S. economy's [3% annual growth rate in the second quarter]( ...
Stock market today: Wall Street rises, but a slide for oil keeps the gains in check
A big winner of the AI frenzy, Super Micro Computer, was meanwhile giving back some of its huge gains after more than ...
The Fed Cut Rates By 50 Basis Points: How Much Will Home Affordability Improve?
After two and a half years of interest rate hikes and pauses aimed at curbing inflation, the Federal Reserve slashed its ...
Number of Americans Applying for Unemployment Benefits Drops to 4-Month Low
There were 218,000 jobless claims last week, a 4,000 drop from the week before, the Labor Department said on Thursday.
It's refinancing time: Americans are already capitalizing on lower rates
Refinancing activity is already surging after the Fed cut interest rates last week for the first time in years.