Trump floats firing Federal Reserve chair
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Federal Reserve, inflation
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Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
Trump urged the Federal Reserve to lower interest rates to 1%, but economists argue this could backfire, risking inflation & undermining the Fed's credibility.
Headwinds for mortgage rates arrived Tuesday in the form of rising inflation, which likely ends the faint hopes of a Fed rate cut in July.
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?
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Although interest rates and unemployment have an indirectly inverse relationship, that relationship can be clouded by broader factors in the labor market.
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
Reuters on MSN23h
Why Trump getting his way on interest rates could signal weaknessU.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill,