Powell testimony live: Fed chair tells Senate bank is in ‘no hurry’ to cut interest rates
The Federal Reserve chair said in testimony to the Senate Committee on Banking, Housing and Urban Affairs on Tuesday: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.”
Appropriate to Hold Rates Steady for 'Some Time'
The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...
If you look at the biggest industry forecasts, analysts predict that mortgage rates will either hold steady or drop slightly ...
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
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A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.
At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...
Is it possible to find savings accounts with interest rates of 4% or more? See which banks currently offer 4% interest ...
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