Fed signals restrictive policy could extend longer Central bankers are cautious with their language, so recent statements from the Federal Reserve's top officials, Fed Chair Jerome Powell, and Vice Chair Philip Jefferson, suggesting that US monetary policy might remain "restrictive" for a longer period, 04/23/2024 - 2:21 am | View Link
Homeowner pain as major banks hike mortgage rates According to financial information service Moneyfacts, the average two-year fixed mortgage rate is 5.82%, while the average five-year fixed rate is 5.40%. Lenders are lifting rates as they respond to changing predictions about the future direction of the Bank of England's benchmark rate, which dictates borrowing costs and currently stands at 5.25%. 04/22/2024 - 4:48 am | View Link
What To Expect From The Fed’s May Interest Rate Decision The Fed will next meet to set interest rates on April 30 to May 1. They will announce their decision at 2:00 p.m. ET on May 1, followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m. 04/22/2024 - 10:11 am | View Website
Rate-cut expectations give way to questions about a Fed hike Elsewhere, one corner of the rates market, where options are traded on the Secured Overnight Financing Rate, has been pricing in a 2% to 3% chance this week of a Fed rate hike occurring in June ... 04/22/2024 - 6:01 am | View Website
Federal Reserve raises interest rates to 16-year high as fight to tame ... The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high — as it continues its firefight against persistent inflation. In a statement... 04/22/2024 - 6:01 am | View Website
Federal Reserve Meeting Fed Raises Rates Again Federal Reserve Meeting Fed Raises Rates Again. Policymakers increased interest rates by a quarter point, to the highest level in 22 years. They also left the door open for further... 04/22/2024 - 5:11 am | View Website
Federal Reserve raises interest rates to highest point in more than 20 ... The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the... 04/22/2024 - 1:07 am | View Website
With two major sci-fi sequels debuting this week to lead the VOD and Netflix charts, the new films inspired victory laps for their predecessors. Also noted: 'Immaculate' and 'Anyone But You.'