Interest Rates

Fed Cuts Rates by a Quarter Point

The Federal Reserve reduced its interest rate benchmark by a quarter-point for a second time this year on Wednesday, bringing the short-term borrowing rate to a range of 3.75 percent to four percent.

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., t

Powell’s Plunge: New Home Sales Down 6.6% From A Year Ago

Sales of newly built single-family homes in the United States rose slightly in June but remained well below expectations, as elevated mortgage rates and affordability concerns continued to weigh on demand. The U.S. Census Bureau and the Department of Housing

Jerome Powell, chairman of the US Federal Reserve, during the Federal Reserve Integrated R

Fed’s Waller Says Fed Could Begin Cutting Rates in July

Federal Reserve Governor Christopher Waller said Friday that the central bank could begin lowering interest rates as soon as next month, arguing that inflation has cooled and that policymakers should not wait for the labor market to weaken before acting.

On August 19, 2024, Governor Waller delivered welcoming remarks at the 2024 Summer Worksho