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How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
Trump urges Fed to lower interest rates as new inflation data shows slight rise
President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to ...
Short-term U.S. interest-rate futures rose on Wednesday after a report that President Donald Trump is likely to fire Federal ...
If you’re hoping the Federal Reserve cuts interest rates this month, you might be disappointed. Comerica Bank predicted ...
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will ...
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
Headwinds for mortgage rates arrived Tuesday in the form of rising inflation, which likely ends the faint hopes of a Fed rate ...
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.
The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.
Although interest rates and unemployment have an indirectly inverse relationship, that relationship can be clouded by broader factors in the labor market.
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