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News
Senate approves Warsh to be next Federal Reserve chair as inflation intensifies
4+ mon, 12+ hour ago (187+ words) US prices have risen at their fastest rate since May 2023, as the war in Iran continues to drive up energy prices and everyday costs for Americans. Prices rose 0.6% monthly, according to Consumer Price Index data released by the Bureau of…...
Federal Reserve cuts key rate as government shutdown clouds economic outlook
10+ mon, 2+ week ago (189+ words) Chris Williams, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets. WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for a second time this year as…...
What the Fed rate cut will mean for your finances
11+ mon, 3+ week ago (770+ words) The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. The Federal Reserve…...
How the Fed's rate cut impacts mortgage rates
11+ mon, 3+ week ago (1132+ words) Rates just lowered, but potential home buyers are facing several other obstacles that could keep the American dream of owning a home out of reach. (Scripps News) LOS ANGELES — Hoping that mortgage rates will keep dropping following the Federal Reserve's…...