The Fed Has Lowered Rates Again. Does That Mean 2025 Mortgage Rates Will Fall?
Key Takeaways The Federal Reserve on Wednesday announced its third consecutive rate cut, lowering its benchmark interest rate another quarter point. But the Fed’s rate is just one in a tangle of factors that move mortgage prices. In fact, the…
US Federal Reserve Board announces new appointments to its Insurance Policy Advisory Committee
The US Federal Reserve Board has announced seven appointments to its Insurance Policy Advisory Committee (IPAC), consisting of three new faces alongside four returning members. The new appointments include Jonathan Kelly, Partner at Sidley Austin; Paul Kim, Head of Commercial…
Fed Officials Strike An Optimistic Tone After Slashing Rate Cut Forecasts
Key Takeaways Chicago Federal Reserve Bank President Austan Goolsbee said interest rates would be lowered by a “fair amount” next year in some of the first comments from central bankers after last week’s projections disappointed investors. Markets jumped on the…
The Federal Reserve Lowered Interest Rates Too Soon
Inflation remains stubbornly above the Federal Reserve’s 2 percent target. Yet, instead of maintaining a firm stance at its December 18 meeting, the Fed cut interest rates for the third time in three months. The Fed should move slowly going…
How would a federal bitcoin reserve work?
Summers’ calls dea of national Bitcoin reserve ‘crazy’ Former US Treasury Secretary Lawrence Summers says the US does not need a national Bitcoin reserve. “Some of what is being said this idea that we should have some kind of national Bitcoin reserve…
US Federal Reserve’s Caution On Rate Cuts Could Cause Friction With Trump
Washington: Donald Trump’s imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. Fed chair Jerome Powell acknowledged…
Fed Announces Enforcement Against Lineage Financial Network
The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday (Dec. 19) press release that the Federal Deposit Insurance Corporation (FDIC) separately issued an enforcement action…
Business students visit Federal Reserve Bank of St. Louis – News
Students from Illinois State University’s Beta Gamma Sigma Honor Society (BGS) and the Illinois State Students in Finance organization (ISSF) recently had the unique opportunity to visit the Federal Reserve Bank of St. Louis. The educational trip aimed to provide…
The Federal Reserve just announced a third rate cut; fewer are expected in 2025
Rates were cut by a quarter of a percentage point. (iStock ) The Federal Reserve just cut interest rates one more time this year. In their recent meeting, the Fed decided to cut rates by a quarter of a percentage point,…
Oil Edges Lower as Federal Reserve Outlook Boosts US Dollar
(Bloomberg) — Oil edged lower as expectations for fewer interest-rate cuts by the US Federal Reserve next year boosted the dollar. Most Read from Bloomberg West Texas Intermediate fell near $70 a barrel, while Brent hovered around $73. Fed officials…