News

It's the first time that Bessent has pressured the central bank for lowering the cost of borrowing, citing weak employment ...
The dollar fell for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a ...
Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a ...
Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...
The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.
This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...
The lawsuit alleges the bank deceptively marketed the older account as “high interest” and “one of the nation’s best,” while ...
By Ateev Bhandari (Reuters) -Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a ...
Australia’s central bank has reduced its benchmark interest rate by a quarter percentage point for a third time this year to ...
Garry Evans of BCA Research explains why Trump's desire to slash interest rates is unlikely to come to fruition. He also ...