After cutting interest rates three times in a row last year, the Federal Reserve indicated last month it probably won’t lower interest rates again for a while. A months-long pause, cemented by key economic data released Friday,

Trump repeated his call for lower rates after the investigation became public. “Jerome ‘Too Late’ Powell should cut interest rates, MEANINGFULLY!!!” Trump said in a social media post on Tuesday. The probe appears to center on Powell’s testimony to Congress last year about a multi-billion-dollar office renovation project.

As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.

The Federal Reserve will meet later this month to make a decision on interest rates. But the latest inflation report is likely to make the central bank cautious about additional rate cuts.

MCLEAN, Va. -- The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%.

The Federal Reserve cut US interest rates tonight by a quarter of a percentage point, with markets expecting an identical move from the Bank of England next week. The Federal Reserve cut by 25 basis points - reducing it 0.25 per cent - to a target range ...

The average rate on a 30-year U.S. mortgage edged higher this week to just above its 2025 low. Mortgage buyer Freddie Mac said Thursday that the average long-term mortgage rate rose to 6.16%.

Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street Journal reported on Sunday. Hammack opposed ...