Mortgage rates have been fluctuating over the past month, but all the changes have been small. This week, interest rates have finally made a more noticeable dip. According to Freddie Mac, the 30-year fixed mortgage rate dropped by eight basis...
A Monday meeting in the Oval Office doesn’t appear to have lessened the chances of a partial government shutdown, with commentary from both sides into Tuesday suggesting no deal is in the immediate offing. “We have very large differences,” Senate...
The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from...
Is Jerome Powell a lame-duck as chair of the Federal Reserve? The central bank’s meeting this week could give us the answer as he tries to steer a divided monetary-policy committee. Barron’s
...Mortgage rates edged toward a new yearly low in the wake of weak job market data and ahead of a key Fed meeting. The average rate for a 30-year fixed mortgage was 6.35% in the week through Wednesday, according to...
The U.S. dollar fell against the yen on Tuesday after the government estimated the world’s largest economy created nearly a million fewer jobs from April 2024 to March 2025, suggesting a far weaker labor market than what initial numbers showed...
The Federal Reserve may have been late raising interest rates as inflation surged in 2021, but measures of inflation expectations throughout that period showed broad belief that prices would cool, a fact that made the battle easier and less costly...
As of 2025, 42.5 million people have outstanding federal student loans. Of those, approximately 12.3 million — about 29% of borrowers — are currently enrolled in an income-driven repayment (IDR) plan. These plans provide significant relief, giving borrowers more affordable...
Data from Realtor.com shows that existing home sales are slowing down. The typical home for sale spent 58 days on the market in July 2025 — five more days than in June and a full week longer than one year...
Less than a week after deciding against an interest-rate cut, some Federal Reserve policymakers are signaling rising angst about a cooling U.S. labor market and a slowing economy, even as they continue to express uncertainty about the outlook for inflation,...
Gross domestic product, which captures all the goods and services produced in the economy, registered an annualized rate of 3% in the April-through-June period, the Commerce Department said Wednesday. That’s up sharply from the -0.5% rate in the first quarter,...
The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs. Central bank policymakers voted to...
Donald Trump released another round of letters to trade partners on Wednesday, including a threat of a 50% tariff on Brazil over what the president describes as a witch hunt of Jair Bolsonaro. The former Brazilian president is facing a...
When you don’t have a financial safety net in place, an unexpected medical bill, car repair, or job loss can take a toll on your mental health and throw your budget for a loop. That’s why experts recommend putting aside...
The gulf between where the Federal Reserve projects interest rates will be by the end of 2026 and the more aggressive cutting financial markets expect by then is partly due to the expectation that U.S. central bank chief Jerome Powell...
