5 weeks after the Fed cut rates, banks still want your cash — and they're paying to get more of it
The Fed cut rates five weeks ago, but banks are still paying high interest rates on high-yield savings accounts and combo checking/savings offers.
Fed needs to continue to cut rates, Daly says
San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely" still high enough that they are restraining the economy.
Fed cuts interest rates again — why you should refinance debt now
The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by a full percentage point—the second rate cut in two weeks and the largest in Fed history.
Fed's Kashkari Wonders If Neutral Rate Might Be Higher
Federal Reserve Bank of Minneapolis President Neel Kashkari says the resilience of the US economy makes him wonder if the neutral rate is higher at an event hosted by the Chippewa Falls Chamber of Commerce in Chippewa Falls,
Four Fed policymakers favor more rate cuts, but differ on pace
Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
Fed’s Kashkari Sees Slower Pace of Cuts Over Coming Quarters
Federal Reserve Bank of Minneapolis President Neel Kashkari repeated that he favors reducing interest rates at a slower pace in the coming quarters.
Fed's Kashkari: Job market weakness could mean faster rate-cut pace
(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Monday again said he expects "modest" interest rate cuts over the next several quarters, though a sharp deterioration of labor markets could move him to advocate for faster cuts.
Minneapolis Fed's Kashkari sees 'modest' rate cuts for next several quarters
Minneapolis Fed President forecasts more modest cuts over the next several quarters, he said on Monday at the Chippewa Falls Area Chamber of Commerce. Recall that the Federal Open Market Committee initiated its easing cycle in September,
The bond market is selling off after traders got their Fed forecasts wrong
"We could easily get a scenario where the Fed will basically have to reverse course and begin to stay on hold," Apollo's ...
The surprising reason mortgage rates are up despite interest rate cuts
Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are ...
Apollo’s Slok Sees Rising Chance Fed Will Hold Rates in November
The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy ...
Interest Rates and the Fed: What Economists Expect for the Rest of 2024
That is where economists see short-term interest rates by the end of this year, implying two further, quarter-point cuts by ...
Here's how interest rates impact gold prices
Ongoing conflicts around the world are significantly impacting gold's value, sometimes overshadowing the effect of interest ...
Fed’s Logan Repeats Call to Lower Rates Gradually
Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the US central bank to lower interest rates at a ...
If the Fed Cut Rates, Why Have Mortgage Rates Been Going Up?
Mortgage rates dropped before the Fed’s last meeting, and have risen more than 50 basis points since. If you’re wondering why ...
CNBC Daily Open: Concerns over high interest rates return, pressuring stocks
Experts and markets think both the U.S. economy and interest rates will remain warm — if not hot — to the touch.