Browsing: cut

Jerome Powell, chair of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday,…

Key Insight: The October Federal Open Market Committee cut interest rates by 25 basis points as expected, but comments from Chair Jerome Powell caught market watchers…

The Federal Reserve is expected to cut interest rates on Wednesday, and wealthy U.S. households may benefit most. The federal funds rate is the interest rate at…

Jerome Powell, chairman of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Fall meetings at the IMF headquarters in Washington, DC,…

The Federal Reserve is expected to lower borrowing costs again on Wednesday. Another quarter-point reduction, on the heels of September’s cut, would bring the federal funds…

Mortgage rates fell for the fourth consecutive week, finally nearing 6% for the first time since September 2024. Lenders and analysts have been anticipating that the…

Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025.CNBCFederal Reserve Governors Stephen Miran and Christopher Waller provided…

By Christine Dobby (Bloomberg) — Bank of Nova Scotia is cutting jobs across its Canadian banking division as part of the firm’s effort to boost long-term…

Americans may feel somewhat removed from the Federal Reserve, but the central bank’s moves have a ripple effect on many types of consumer products, most notably…

Key insights: Banks are by and large lowering interest rates on deposit accounts.Expert quote: “Until loan growth really comes back in a more significant way, what…