Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The ...
Wildfires, snow and holiday shopping. Here’s what likely influenced Friday’s jobs numbers
The Bureau of Labor Statistics will release the January jobs report at 8:30 a.m. ET Friday; and, by and large, economists expect that job gains continued to slow to pre-pandemic norms but remained ...
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective ...
Should bond investors beware Trump tariffs? How proposed tariffs could hit bonds
The bond market has already begun pricing in the potential for higher interest rates. Even the day after Trump’s election ...
The Treasury Secretary Says Trump Wants Long-Term Interest Rates to Fall—It May Take a While
Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.
Leaving Free Trade Orthodoxy Behind
The free trade orthodoxy is being transformed into something else. Just to review a bit of recent history: Former President ...
Inside the Fed, fears increase that Trump tariffs would boost inflation
There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a ...
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
Trump's focus on 10-year Treasury yield to cut borrowing costs raises curiosity - and problems
Federal Reserve Chair Jerome Powell may be breathing easier now that the Trump administration intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. But for ...
Why you should lock in a home equity loan rate this February
There's a compelling case to be made for locking in a home equity loan interest rate this February. Here's why.
Boston Fed maps out inflation response to Trump trade tariffs
The full suite of tariffs sought by the Trump administration would have created notable upward pressure for already high ...
Goolsbee: Fed in Solid Place for Eventual Cuts Though Uncertainty Means a Slower Approach
Ahead of key jobs data to be released on Friday, Goolsbee said he was increasingly confident that the U.S. economy had "settled in" at around full employment, with less risk that tight Fed monetary ...