Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the personal-consumption expenditures price index, wh
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4.75% in 2023, CD rates will go down, not up.
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by economic data.
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Fed’s Williams Sees Inflation Cooling and Interest Rates Falling Further
John Williams, who heads the Federal Reserve Bank of New York, expects the economy to grow by about 2.5% next year.
The Fed Is Cutting Interest Rates. But Here's Why Waiting to Refinance Your Mortgage Could Pay Off Even More
Should you refinance your mortgage in light of the Fed's rate cuts? Here's why holding off until the new year could work to your benefit.
Today's Mortgage Rates | Rates Hold Steady as Markets Wait for More Data
These are today's mortgage and refinance rates. Strong economic data has kept mortgage rates elevated, and they might only drop a little bit in 2025.
What Mortgage Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
The last time the federal funds rate was at this level, mortgage rates were not much lower than they are now. The bigger difference since February 2023? The average home price.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
Fed's Goolsbee says pace of rate cuts may need to slow
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central bank's debate that it's not about whether,
Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports,
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'Padding the profit margin': Why are interest rates still rising on store credit cards?
At least 50 large retailers raised interest rates on their store cards in the months before the Federal Reserve began ...
Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending ...
Fed December Interest Rate Decision Hangs On Economic Data
The Federal Open Market Committee will announce its next scheduled decision on interest rates on December 18. A rate cut is ...
Today’s 15-year mortgage interest rates drop to 6.13%, while 30-year terms fall to 6.88%
Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall ...
Fed's Bowman calls for cautious approach on interest rates
Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a ...
The Economist3d
Interest rates will come down sharply in 2025
The global economy has had a series of shocks, including the pandemic, an inflation spike and the invasion of Ukraine. As the ...
Tariffs, Immigrants, Fed: Trump Plans Are an Economic Question Mark
Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.