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Bessent, Trump to focus on 10-year yields, not fed rate
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Trump and Bessent's focus on US10Y instead of fed rate 'the right approach'
U.S. President Donald Trump and his newly appointed Treasury Secretary Scott Bessent's focus on the benchmark 10-year Treasury yield and not the federal funds rate to bring down borrowing costs is the "right approach,
Trump rates policy comes into focus
When President Trump demanded lower interest rates two weeks ago, it looked like a return to his 2018-vintage Fed jawboning. But his administration's stance on interest rates now looks more subtle. Why it matters: The new administration seeks to bring long-term interest rates lower,
Average mortgage rate falls, 3rd straight weekly decline
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.
Mortgage rates pulled back this week
Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 6.89%, pulling back from the 7% level. “The 30-yea
Current Mortgage Rates: February 6, 2025
Freddie Mac’s weekly rate survey shows the average rate on a 30-year fixed-rate loan was 6.89% for the week ending February 6. It’s the second week in a row rates have ticked lower. Despite the change,
Bank of England cuts key interest rate
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank's nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates. 24/7 coverage of breaking news and live events
LIVE
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
3h
on MSN
Bessent Is Right About Interest Rates. How He Could Send Them Higher.
But after taking that step forward, Bessent also took two steps back, indicating that he and legislators in Congress may move ...
4h
Bernie Sanders And Josh Hawley Will Be Mugged By Interest Rate Reality
Despite what Fed officials, economists, and their media enablers tell you, there’s no such thing as costless credit. This is ...
1d
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...
1d
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is ...
23m
What Is Deferred Interest, and How Does It Work?
Deferred interest is when your interest payments are placed on hold for a specific amount of time. But if you don't pay off ...
5h
Interest rate hits lowest point in 18 months - how it could really affect your wallet
While a lower base rate often leads to reduced interest rates, making life easier for borrowers but harder for those with ...
2h
Why you should lock in a home equity loan rate this February
There's a compelling case to be made for locking in a home equity loan interest rate this February. Here's why.
1d
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.
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