News

Bessent Says Interest Rates Should Fall by at Least 1.5 Percentage Points Over Time

Treasury Secretary Scott Bessent said interest rates should be substantially lower than they are now, and he believes there ...

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Mortgage Interest Rates Today: Mortgage Rates Drop to Four-Month Low as Pressure Mounts on Fed

The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.

Have a CD account maturing right before interest rates are cut? Do this now.

Is the timing between your CD account maturity date and a rate cut set to collide? Consider taking these steps now.

Scott Bessent joins Trump in pushing Fed for lower interest rates

It's the first time that Bessent has pressured the central bank for lowering the cost of borrowing, citing weak employment ...

Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal ...

There's one thing that could throw cold water on rate cuts, says one of the contenders for Fed chief

The 10-year Treasury yield will be a key factor determining how aggressively the Fed can cut rates, Marc Sumerlin, a contender for Fed Chair, said.

Chicago Fed President Goolsbee thinks central bank should wait a few months before cutting interest rates

Chicago Federal Reserve President Austan Goolsbee thought about that Wednesday as he toured Mel-O-Cream Donuts in Springfield ...