The Fed Turns A Weekly Profit For The First Time Since September 2022
The Fed recorded its first weekly profit since September 2022, earning $379 million, driven by Policy Normalization and ...
Economy Faces Major Challenge Of Sustained High Interest Rates That Need Fixing - Cue Recession
Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...
January Jobs Report Keeps Rates on Pause: What the Experts Are Saying
The unemployment rate, which is derived from a separate survey, declined to 4% from 4.1% the prior month. Economists expected ...
Refinance Rates Keeping Near 7-Week Low
Thursday, keeping the average near its lowest level since mid-December. Rates for some refi loan types saw bigger increases.
Transportation head Duffy’s directive to tie funds to birth rates could hinder blue states
Lawmakers representing Democratic-controlled states are pushing back, arguing it is an arbitrary move to help out red states ...
Why Long-Term Interest Rates Aren’t Falling—And What That Means For Your Portfolio
Via arbitrage, the yield on a long-term bond should equate to investors’ expectations of the average federal-funds rate over ...
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
While in the past Trump has implored the Fed to cut its benchmark rate, Bessent said the current strategy is using the levers ...
Trump Administration Prioritizes High-Birthrate Areas for Transportation Funds
Some policy experts said they were not sure how the move was connected to the president’s overall transportation goals.
Trump wants transportation funding tied to marriage and birth rates. That’s bad news for Massachusetts.
Some have interpreted the memo as a ploy to divert federal funding away from blue states, like Massachusetts, and direct it to red states.
30-Year Mortgage Rates Sink to New 7-Week Low
Rates on new 30-year mortgages saw a notable drop Wednesday—lowering the flagship average to its cheapest level since before Christmas. Several other averages also dipped.
Trump and Bessent's focus on US10Y instead of fed rate 'the right approach'
U.S. President Donald Trump and his newly appointed Treasury Secretary Scott Bessent's focus on the benchmark 10-year Treasury yield and not the federal funds rate to bring down borrowing costs is the ...
Navy Federal CD Rates: Pros, Cons, and Current Rates
Explore Navy Federal CD rates, a credit union option for military families. You can choose from three CD types: Standard, ...