63 m. ago The Fed cut rates for third time this year. Here’s what it means for mortgages

‘The Fed looks in the rearview mirror, and we are looking at the front windshield,’ a mortgage expert told The Independent

Politics

2 h. ago Fed cuts interest rates but signals pause in further reductions

The decision to lower the benchmark policy rate drew three dissents

Politics

2 h. ago Fed cuts interest rates by a quarter point amid apparent split over US economy

Vote to lower rates to a range of 3.5% to 3.75% was divisive among committee that tends to vote unanimously The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy.The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board of Fed leaders that sets interest rates. But the vote to lower rates to a range of 3.5% to 3.75% was divisive among the committee that tends to vote in unanimity voting nine to three for the rate cut. Continue reading...

Politics

3 h. ago Fed cuts rates to lowest level in three years in divisive decision

Three members of central bank’s board oppose decision in biggest dissent since 2019

Politics

3 d. ago Fed expected to cut rates despite deep divisions over US economic outlook

FT-Chicago Booth survey cites concern among officials about impact of weak jobs market and high prices on Americans

Economics

6 d. ago FTSE 100 LIVE: London underperforms against peers as latest US data confirms Fed rate cut expectations

FTSE 100 LIVE: London underperforms against peers as latest US data confirms Fed rate cut expectations  Yahoo Finance UK

Economics

2 w. ago Asian shares mixed after Wall Street gets a lift from hopes for a Fed rate cut

Asian shares are mixed after U.S. stocks rallied

Politics

2 w. ago US stocks steady after top Fed official signals openness to rate cut

John Williams says there is ‘room for a further adjustment’ in borrowing costs

Politics

2 w. ago US stocks rise after top Fed official signals openness to rate cut

John Williams says there is ‘room for a further adjustment’ in borrowing costs

Politics

2 w. ago US stock futures rise after top Fed official signals openness to rate cut

Wall Street equities slid in previous session amid persistent worries over AI valuations

Politics

3 w. ago Fed minutes: Most officials supported more rate cuts but not necessarily in December

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday

Politics

3 w. ago London stocks sink in global rout on Fed rate cut, valuation jitters

London stocks sink in global rout on Fed rate cut, valuation jitters  Reuters

Politics