Why the Fed Expects Fewer Rate Cuts Next Year
As expected, the central bank made a quarter-point cut in its benchmark interest rate Wednesday, but signaled fewer cuts in 2025 than previously predicted.
Fed Now Likely to Slow Rate Cut Pace in 2025
Americans hoping for lower borrowing costs for homes and investments may be disappointed after this week’s Federal Reserve meeting.
Overdraft Fee Rule Finalized, But Future Uncertain
President Joe Biden had called the fees, which can be as high as $35, “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place.
Top Fed Official Says December Rate Cut Depends on Data
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
Federal Reserve’s Likely Slowdown in Rate Cuts Could Disappoint Borrowers
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their...
Powell: Fed’s Now in No Hurry to Cut Rates
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Trump’s Second-Term Agenda Clouds the Outlook for Mortgage Rates
The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates, but his policies could do the opposite, some analysts say.
Wall Street Already Picking CRE Winners and Losers Under Trump
Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy.
Post-Election Uncertainty Grows for the Fed
Between mixed economic signals and president-elect Donald Trump’s statements that he wants greater control over interest rate policy, it’s up in the air what happens next.
Trump Has Sweeping Plans. Here’s What He’s Proposed for Business
The president-elect outlined a wide-ranging agenda on the campaign trail that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade.
Fed Set to Cut Rates Again Amid Hazy Post-Election Outlook
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.
Mortgage Rates Hit Highest Level in Eight Weeks. What Gives?
Mortgage rates have been climbing in recent weeks following a spate of encouraging reports on the U.S. economy, including a hotter-than-expected September jobs report and a snapshot of consumer prices.
Investigators Say Green Line Driver Was Speeding, Blew Through Signals
A subway train that derailed near Boston earlier this month had entered a 10 mph zone traveling at 36 mph, according to an initial report from the National Transportation Safety Board released Wednesday.
Despite Improving Economy, JPMorgan Doubles Loan-Loss Provision
JPMorgan CEO Jamie Dimon cited geopolitical tensions that he called “treacherous and getting worse” during the bank’s Q3 earnings presentation.
Cities, Tenants Left Scrambling When LIHTCs Run Out
While Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units across the U.S. could be yanked out from under them in the next five years alone.
Fed Chair Powell Only Pledges Small Future Rate Cuts
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Expect Shortages and Higher Retail Prices If Dockworker Strike Drags On
U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
Amazon Tells Workers to Return to the Office Five Days a Week
Amazon is reverting to its pre-pandemic policy and will require corporate employees to be in the office five days a week starting next year, CEO Andy Jassy said Monday.
Will the Fed Cut Rates Enough to Secure a Soft Landing?
Plenty of uncertainty still surrounds this week’s Fed meeting. How much will the policymakers decide to reduce their benchmark rate, now at 5.3 percent? By a traditional quarter-point or by an unusually large half-point?
New Money Laundering Rules Make Agents Report Cash Home Sales
The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.
