Crude oil prices wavered after the United States and Iran signed an agreement to end their war and reopen the Strait of Hormuz to oil tanker traffic. Treasury yields eased in the bond market. Yields had risen a day earlier in anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation.
Economic News
The following information was released by the Financial Services Forum:. "Our member institutions play an essential role in the continued growth and prosperity of the U.S. economy. WASHINGTON, D.C. The Federal Reserve Board's proposed reforms to the Global Systemically Important Bank surcharge are a constructive step toward improving the framework but…
WASHINGTON Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow. FRANKFURT, Germany The tentative…
The following information was released by the American Financial Services Association:. A recent post on the Federal Reserve Bank of New York's Liberty Street Economics blog offers a sobering look at how interest rate caps reshape the consumer lending market, often in ways their proponents may not intend. The analysis, drawn from a New York Fed Staff Report,…
Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the U.S. central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year. U.S. stocks ended lower on Wednesday, as the Dow dropped about 1%, the S&P 500 shed 1.2% and the Nasdaq slid…
The following information was released by the National Credit Union Administration:. The Financial Crimes Enforcement Network, jointly together with the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the National Credit Union Administration invite public…
A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial well-being, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…
Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
—The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced. With inflation still well above the Federal Reserve’ s 2% target, officials at the U.S. central bank left the benchmark interest rate where it was on Wednesday. It was the first meeting with new Fed Chair Kevin…
During Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "don't look at me, don't look at anybody, just do your own thing and do a great job." "For the Fed to cut rates, they would likely need to see some new negative shock to the job market, whether that be worsening of the Mideast conflict or some of…
The decline on Wednesday was driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation. U.S. markets will be closed Friday for Juneteenth. Technology stocks had some of the biggest gains and the most influence on the broader market's rise. Intel surged 10.6% after President Donald Trump…
-The central bank would implement new task forces to aid in deciding monetary policy, Kevin Warsh, the new chairman of the Federal Reserve, said Wednesday. The central bank also decided to keep interest rates at the same level of 3.5% to 3.75%. Members of the bank cited rising inflation from the U.S. conflict with Iran as a reason to keep interest rates at the same…
Mortgage rates moved lower this week, but it wasn't about today's decision from the Federal Reserve to keep the federal funds rate steady. But that doesn't mean this week's Federal Reserve meeting won't impact mortgage rates. The Federal Reserve doesn't set mortgage rates, but its decisions are vital to the broader interest rate environment.
—The Bank of England has held its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war. The European Central Bank hiked last week while on Wednesday, half of the policymakers at the U.S. Andrew Bailey, the Bank of England governor, said the recent decline in…
The Federal Reserve held interest rates at 3.75% during its rate-setting meeting on Wednesday, a decision that came on the heels of stronger-than-anticipated jobs numbers, as well as heightened inflation figures, during the month of May. “Anyone hoping a rate cut would soon make homes more affordable or spur the market should temper that expectation based on…
A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial wellbeing, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…
Federal Reserve Chairman Kevin Warsh opened a new era on Wednesday, with officials agreeing to leave interest rates unchanged despite inflation stuck well above their target but also launching an ambitious reform agenda to reshape how the U.S. central bank conducts and communicates monetary policy. Warsh, who took over as Fed chief last month, made an…
The Federal Reserve held interest rates steady Wednesday at Chair Kevin Warsh's first rate-setting meeting since taking the reins of the central bank. Warsh, whom the Senate confirmed last month, faces a complicated endeavor as he seeks to balance President Trump's push for rate cuts with rising inflation. While the U.S. and Iran are expected to formally sign a…
Updated June 17, 2026 at 1:34 PM CDT. With inflation at its highest level in more than three years, the Federal Reserve held its benchmark interest rate steady Wednesday, and signaled its next move could be a rate increase. It was the first rate decision under the leadership of the new Fed chairman, Kevin Warsh.
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday after the Fed released projections showing nearly half its policymakers foresee at least one increase to its main interest rate this year. Treasury yields climbed on rising expectations for a hike to rates in…
