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Huge increases in wealth and debt levels prevents the Fed from cutting rates as much as it wants, Larry Summers said.

Last November the 30-year mortgage rate approached 8%, now after the Federal Reserve cut interest rates on September 18, it’s ...

Fed governor Michelle Bowman elaborated in a speech Tuesday about her dissent from last week's jumbo rate cut, saying that ...

Bowman was the lone dissenter from the Federal Open Market Committee's decision to lower benchmark interest rates for the ...

"What the Fed can do is create expectations for short-term growth with a rate cut, which is powerful," said Cliff Waldman, ...

Benchmark lending rates in the wake of the Federal Reserve's big rate cut last week, its first in four years, have been ...

The public's mood is still marred by nearly two years of high inflation despite the pace of price increases declining ...

The Fed’s larger-than-expected half-point cut sent markets soaring and should send consumer borrowing rates down, providing a ...

The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come ...

Investors are cheering as policymakers expect the labor market to hold steady through a series of smaller cuts into 2025.

The yield on 10-year Treasury notes is a reminder that the Fed doesn’t have complete control over borrowing costs.