Mortgage rates remain near 6.7% as Fed flags growing economic uncertainty
The average 30-year mortgage rate was 6.67% this week, according to Freddie Mac data, little changed from 6.65% a week earlier.
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Economic data ‘point to headwinds ahead,’ Conference Board says
Economists at several organizations have recently warned of trade war risks and forecast slower economic growth this year.
Trump Says Fed Should Cut Rates as Tariff Push Heats Up
(Bloomberg) -- President Donald Trump said the Federal Reserve should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was Stopped“T
Factbox-Major brokerages see slower pace of Fed rate cuts despite Trump tariff uncertainty
Major brokerages maintained their predictions for a slower pace of interest-rate cuts by the U.S. Federal Reserve after the central bank kept its benchmark interest rate unchanged on Wednesday. The Fed left its benchmark overnight interest rate in the 4.25-4.50% range, with Chair Jerome Powell describing the current uncertainty as "unusually elevated," citing challenges in making new economic projections due to recent Trump administration policy changes. The Fed also forecast slower economic growth and higher inflation.
Fed rate pause: Bank forecasts slower US growth and higher inflation
The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.View on euronews
Morning Bid: Fed soothes as Trump seethes
U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively sanguine view of the potential inflationary effects of rising trade tariffs and announcements of a sharp slowdown in the Fed's balance sheet unwind. Today I'll discuss the effects of the Fed's statements as well as President Donald Trump's reaction. * The Federal Reserve has signalled it is no rush to cut U.S. interest rates, drawing the ire of President Donald Trump, who demanded in a social media post the central bank "do the right thing".
Swiss National Bank cuts policy rate further as low inflation persists
Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports.View on euronews