The Latest Breaking News from Interest Rates

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

JPMorgan clients generating as much as $2 billion each said they were optimistic about the economy despite high interest rates, geopolitical concerns, and uncertainty around the U.S. election.

The dollar index (DXY00 ) Friday fell by -0.24% and posted a 3-week low. The dollar retreated Friday after the US Jun payroll report bolstered expectations for the Fed to cut interest rates this year. Also, strength in the British pound (^GBPUSD ) weighed on the dollar after a landslide...

US markets resilient post-employment data release, signaling potential interest rate cut.

Forget interest rates and consumer sentiment – luxury markets are swimming in a completely different lane, agents say

The dollar index (DXY00 ) today is down by -0.03% at a 3-week low. The dollar retreated today after the US Jun payroll report bolstered expectations for the Fed to cut interest rates this year. Also, strength in the British pound (^GBPUSD ) is weighing on the dollar after a...

Huge home improvement retailer is considering a Chapter 11 filing as sales have declined.

After posting a slight rise in Q1, lumber futures are now over 21% lower since the end of 2023. The path of least resistance of interest rates will likely determine lumber’s path over the coming weeks and months.

High interest rates mean college students will pay more to borrow. Savers will continue to benefit but need to remain vigilant.