News

Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in ...

Fed should cut rates but they're weighing inflation more than employment, says Apollo's Torsten Slok

CNBC's Steve Liesman and Torsten Slok, Apollo partner and chief economist, join 'Closing Bell' to discuss the Federal Reserve ...

Fed Rate Cut Grows More Likely as Inflation Holds Steady at 2.7%

Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next ...

Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says

The Labor Department reported Thursday that the producer price index (PPI)—a measure of wholesale inflation before it hits ...

The Fed is expected to cut rates. Don't expect mortgage rates to follow.

New economic data releases could increase mortgage rate volatility in the coming weeks, leading up to the Fed's September ...

US will dodge recession, but Trump's policies will slow economic growth: Report

Economy will grow more slowly, inflation will move higher in Trump's term amid his tariff, immigration, budget plans. But U.S. should dodge recession ...

Trump Demands Emergency Fed Rate Cut and Threatens 'Major Lawsuit' Against Chair Powell

President Donald Trump has threatened a "major lawsuit" against Federal Reserve Chair Jerome Powell, while once again calling for an immediate cut to interest rates following muted inflation data.

Fed’s Goolsbee calls tariffs ‘stagflationary’

Chicago Federal Reserve president Austan Goolsbee described President Trump’s wide-ranging tariffs as “stagflationary” on ...

Weekly mortgage rates fall again as September rate cut seems likely

The 30-year fixed-rate mortgage averaged 6.66% in the week ending Aug. 14, down four basis points from the previous week.

Fed's Daly: Two rate cuts, more or less, appropriate this year

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing ...

Fed Chair Faces Scrutiny at Major Policy Speech. Also, Bats.

A colony of bats recently took up residence at the storied Jackson Lake Lodge, where central bankers and economic ...

Consumer sentiment worsened in August amid sweeping new tariffs

Consumer sentiment worsened in August, snapping two consecutive months of improved attitudes among shoppers as President ...