Trump Calls for Fed to Cut Interest Rates and Stop Playing Politics
Former US President Donald Trump has once again criticized the Federal Reserve (Fed) and its Chair Jerome Powell. On his social media page, he urged the Fed not to engage in politics and focus on the economy. According to Trump, high interest rates are negatively impacting economic growth, and it's time to lower them. He believes the Fed's economic policy is leading to increased unemployment and lowered consumer spending.
Continue reading
Sharp Change in Mortgage Rates Amid Economic Fluctuations
Amid ongoing economic instability, mortgage rates in the U.S. have reached a new record of 7.37%, compared to 7.31% last week, marking the highest level since 2000. This surge has led to a 4% decline in mortgage applications week-over-week. The scarcity of affordable mortgage options amidst rising rates has compelled many buyers to hold off on purchases, exacerbating an already challenging housing market.
Continue reading
CEO Bank of America Brian Moynihan Predicts No Interest Rate Cuts in 2023
Bank of America CEO Brian Moynihan expressed confidence that there will be no cuts in interest rates in the current year of 2023. During a recent interview, he noted that the economic environment in the country remains challenging, and it is expected that the Central Bank will continue to adhere to a tight monetary policy. According to him, rising inflation and complicated supply chains leave little basis for lowering rates in the near future.
Continue reading
Federal Reserve's Key Interest Rate Decision in March 2025
In March 2025, the United States Federal Reserve will hold an important meeting to decide on interest rates. Investors and economists are closely monitoring current economic indicators that could influence the Federal Reserve's decisions. In recent months, there have been changes in inflationary trends and household wealth, making this meeting particularly significant.
Continue reading
Rate Cut Projections: What the Market Expects in 2024
Recently, there has been a growing interest in the topic of interest rate cuts in the U.S., particularly in light of the current economic conditions. Economists and analysts are paying attention to possible changes in monetary policy that may take place throughout 2024. Currently, the market is anticipating several rate cuts during the year, which could significantly impact the country's financial system.
Continue reading
Mortgage Rates Continue to Climb, Reaching New Heights
Latest data shows that mortgage rates in the United States continue to rise, reaching new levels not seen in recent years. According to a report released this week, the average rate for 30-year fixed mortgages has climbed to 7.59%. This increase is part of a broader trend observed in the economy, linked with the rising base interest rates set by the Federal Reserve.
Continue reading
Sharp Drop in U.S. Mortgage Rates: Largest Decline Since Mid-September
This week, mortgage rates in the United States saw a significant drop, recording the largest weekly decline since mid-September. According to reports, the average rate for a 30-year fixed mortgage fell to 7.57%, which is down 0.32% from the previous week. This development has become a crucial event in the market, considering that high interest rates had previously made it difficult for homebuyers.
Continue reading
Mortgage Rates in the US Hit Two-Decade Highs
According to the latest data, mortgage rates in the United States continue to rise, reaching levels not seen since 2002. Recently, the rate for 30-year fixed mortgages climbed to 7.67%. This increase followed the Federal Reserve's hike of its key interest rate, which is the primary tool for managing the country's monetary policy.
Continue reading
Mortgage Rates Update: Overview for February 20, 2025
As of February 20, 2025, mortgage interest rates continue to significantly impact the real estate market. Recent data shows that rates are reaching record highs, forcing potential buyers and homeowners to rethink their financial strategies. Many experts indicate that the current market conditions are more than just fluctuations, representing a second wave of upcoming changes following the recent rate hikes by the Federal Reserve.
Continue reading
Donald Trump Calls for Lower Interest Rates in Tandem with Tariffs
Former U.S. President Donald Trump has once again made headlines with a bold economic initiative, this time emphasizing the need for lower interest rates. He believes that this decision should coincide with the enforcement of tariffs on imported goods into the country. Trump not only highlights the importance of such measures but also refers to them as a "great opportunity" to "rock and roll America."
Continue reading