Throughout 2025, the Federal Reserve has kept interest rates steady after cutting them by a full percentage point in 2024. But signs are emerging that change may be on the horizon. Inflation appears to be cooling, the job market is showing signs of softening, and at the August Jackson Hole, Wyoming, conference, Fed Chair Jerome […]
How the Fed’s Next Rate Move Could Impact Your Wallet Read More »
Key Takeaways After five rate holds this year, the Fed finally appears ready to make a cut—with a move widely expected next week. The announcement will also reveal where Fed officials see rates heading for the rest of 2025. A Fed cut means savings, money market, and CD rates will also drop. You can’t stop
The Fed’s First Big 2025 Rate Decision Is Almost Here—Are You Ready for the Impact? Read More »
Key Takeaways The Fed is expected to lower interest rates in less than two weeks, marking its first cut of the year. When the Fed moves, yields on savings, money markets, and CDs generally follow—sometimes even before the official announcement. That’s why today’s best CDs are worth grabbing, locking in mid-4% returns for months or
Your Window Is Closing Fast—Where to Put Savings Ahead of the Fed’s Move Read More »
In This Article For the last three years, 30-year fixed mortgage rates have mostly hovered between 6.5% and 7%, occasionally jumping as high as 7.79%. That kept many would-be sellers from listing their homes, in their reluctance to give up their 3% to 5% fixed-rate mortgages. Over the last year, more sellers have given up
Why Erroding the Fed’s Independence Will Only Make It Harder to Track Mortgage Rates Read More »
(Bloomberg) — Long-dated US Treasuries were lagging the market and retained modest losses as President Donald Trump intensified efforts to oust Federal Reserve Governor Lisa Cook, deepening concerns his attacks on the central bank’s independence and lobbying for lower interest rates will fan inflation. The yield on 30-year bonds rose as much as five basis
Threat to Fed’s Cook Spurs Inflation Worry Read More »
President Donald Trump said he has removed Federal Reserve Governor Lisa Cook from her position, intensifying his aggressive stance toward the central bank. “You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” Trump wrote in a letter to Cook he posted Monday evening on Truth Social.
Trump Says Fed’s Lisa Cook Is Out ‘Effective Immediately’ Read More »