Browsing: cuts

Chair of the US Federal Reserve Jerome Powell speaks during a news conference following the July 29-30 Federal Open Market Committee (FOMC) meeting in Washington, DC…

Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that…

If you’re hoping for lower mortgage rates, you might be thrilled to hear what Treasury Secretary Scott Bessent has to say.During a television interview today, he…

There were some cuts to variable rates amid the continuing plunge in fixed rates on the home loan market this week with the prospect of an…

WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and…

UPDATE: This article includes more details from Truist’s earnings report and comments made during the bank’s earnings call.Truist Financial is standing by its full-year revenue forecast…

People shop at a grocery store in Manhattan, New York City, on April 1, 2025.Spencer Platt | Getty ImagesRepublicans’ “big beautiful” reconciliation package includes tax cuts…

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and…

The outlook for interest rates is becoming less clear-cut as Canada’s major banks rethink how far the Bank of Canada will go in its rate-cutting cycle.…

Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on…