Trump keeps up push for Powell, Fed to lower rates
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The Federal Reserve kicks off its July meeting on Tuesday, with Fed Chair Jerome Powell set to speak on Wednesday and deliver the central bank's latest interest rate decision. Markets are largely expecting the Fed to hold rates steady,
Credit card rates are high right now, but will they start to decline after this week's Federal Reserve meeting?
The conclusion of the Federal Reserve’s policy meeting on Wednesday could produce a historic dissent. If so, investors should be prepared to do, well, nothing, according to one Wall Street veteran.
The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs.
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While the Fed kept its benchmark unchanged, here's what happened to consumer borrowing rates
Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.
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A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.
For the past several months, the average 30-year fixed mortgage rate has sat between 6.5% and 7%. Prospective homebuyers shouldn't hold their breath for that to change anytime soon. On July 30, the Federal Reserve is expected to keep borrowing rates the same at its fifth monetary policy meeting this year.
The Federal Reserve, by not cutting interest rates, is risking the creation of a deflationary downturn called a Kindleberger Spiral, a leading bond manager says.