Top Fed Official Backs Jul. Rate Cut
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Trump fires housing market accusation at Powell's Fed
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Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates in July.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
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Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.
Interest rate swaps create cash flow stability for borrowers at a lower interest rate than if they had entered into a fixed-rate loan directly. At the same time, lenders are guaranteed to get their payments at the floating market rate.
Sky News can exclusively reveal that accountants advising people who entered into a tax avoidance scheme, which was later found to be illegal by HMRC, were being paid a commission.
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
One of the chief reasons the Federal Reserve should cut interest rates now, a top central banker argues, is because the economy has gotten weaker and is likely to stay weak for the rest of the year.