Trump demands Fed cut rates, claims better monetary policy understanding
U.S. President Donald Trump on Thursday said he wants the Federal Reserve to cut interest rates at a time the central bank has hit pause for an uncertain duration, arguing he understands monetary policy better than those charged with setting it.
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
Inflation has been around since the days of Alexander the Great and it's not showing any signs of going away. In combating ...
Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.
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CPI edged higher in December, complicating the Fed's upcoming decision on rate cutsInflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
It even continued to sink after the Fed hiked the federal funds rate in December 2018, guessing correctly that rate ...
Such a policy could just about be read as consistent with also wanting to maintain the dollar as the pre-eminent reserve ...
After notching a new 5-month peak at the start of last week, 30-year refi rates have dropped every day since. Rates moved ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
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SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.
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