Most housing economists had expected mortgage rates to hit 6% by the end of 2024 and move into the mid-5% throughout 2025.
Fed chief Jerome Powell said President-elect Donald Trump's tariff threats won't affect an interest rate decision this month.
While he 'feels very good' about the economy, the Federal Reserve chair stopped short of discounting a December rate cut as ...
South Africa's rand strengthened on Thursday on expectations of an interest rate cut by the U.S. Federal Reserve later this ...
Federal Reserve Chair Jerome Powell said he's not concerned that the central bank would lose its independence. Powell said he thought there was strong support in Congress for the idea of an ...
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