Fed's Preferred Inflation Metric, Consumer Sentiment in Focus; Bank of Mexico Makes Half-Point Rate Cut
Businesses are "frozen" or "paralyzed" with indecision and consumers are showing "signs of caution" because of all the rapid-fire changes in Washington, creating a "fog" over the economy.
Average US rate for 30-year mortgage falls slightly to 6.65% after rising for 2 weeks
The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is ...
Here's How Many Interest Rate Cuts the Fed Is Projecting in 2025 -- and What It Means for Stocks
The U.S. Federal Reserve has a dual mandate. First, it's tasked with keeping inflation under control, which means ensuring the Consumer Price Index (CPI) increases by around 2% per year. Second, the ...
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Understanding Interest Rates in the U.S. and How They Affect Deposits, Lending, and Mortgages
Interest rates play a pivotal role in the U.S. economy, influencing everything from consumer spending to business investments. These rates determined mainly ...