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Trump urges Fed to lower interest rates as new inflation data shows slight rise
President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out ...
CD rates are a product of their economic times, and we're currently in a rosy period. At other times in history, CD rates have ranged from near 0% to the upper teens.
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Mortgage rate history: 1970s to 2025 - MSNBy 2022, the Federal Reserve began raising its benchmark interest rate to cool pandemic-spurred inflation, and mortgage rates followed suit.
The Federal Reserve once again opted to hold interest rates steady at its June meeting, marking the fourth consecutive time that it has done so. The central bank's overnight borrowing rate sits ...
Also, the strain of high interest rates is still weighing on the economy, and consumers look overstretched, given low saving rates. The Fed will need to cut much more to offset these headwinds.
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?
President Richard Nixon famously leaned on Fed Chair Arthur Burns to keep interest rates low going into the 1972 presidential ...
Trump criticizes Fed chair Powell for keeping rates "artificially high," sending him a chart comparing global rates and claiming the U.S. is losing billions.
White House trade czar Peter Navarro on Wednesday called Federal Reserve Board Chair Jerome Powell the “worst Fed chair in history” at the Hill Nation Summit. “All I want is a Fed chair who ...
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