Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

Bank stocks typically rally when there are rate cuts without a recession, says Wells Fargo's Mayo

Bank stocks may advance over the next few months following the Federal Reserve's decision Wednesday to cut benchmark lending rates.

Hassett calls Fed rate move 'prudent' despite Trump's call for steeper cuts

President Trump's top economic adviser praised the Federal Reserve on Thursday for making a "prudent" decision on interest rates, despite the president's calls for a much steeper rate cut. Kevin Hassett, director of the White House National Economic Council, backed the Fed's move to cut interest rates by 0.25 percentage points Wednesday after months of White House pressure and slowing job gains. “The bottom line is that moving kind of slow and s…

Mortgage rates haven’t been this low in nearly a year. Thank the Fed — but not entirely

The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing.

Fed cuts interest rates a quarter point

‘The cut suggests a broader shift toward concern about cracks forming in the job market’

‘This Fed has its head in the sand’ — but at least now we know where to invest

Worrisome housing and job markets suggest that the central bank should have cut interest rates more. Article Attribution | Read More at Article Source

How much does a $500,000 mortgage cost monthly now that interest rates were cut?

Buying a home just got a little more affordable, but it's important to know what your monthly payments could be.