With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
interest rates
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Home mortgage demand surges as rates drop to 6.35%
Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.
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The Fed cuts interest rates — but Trump’s election could make things trickier
The Federal Reserve cut interest rates by a quarter percentage point. How much further rates fall could depend on how President-elect Trump approaches his second term.
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Why a weaker jobs market is sparking recession fears
U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.
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The Federal Reserve is getting closer to cutting interest rates
The Fed kept interest rates unchanged at the highest in more than two decades. Investors are betting it will start to lower rates at its next meeting in September.
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The Fed holds rates steady, sees only one rate cut in 2024 as inflation cools slowly
The Federal Reserve held interest rates steady while signaling it can cut rates only once this year. The decision came after data earlier showed inflation cooling slightly.
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Fed keeps interest rates at 23-year high
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed’s 2% target. Investors now think it could be September or later before rates start to fall.
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Why beating inflation is turning out to be as hard as losing weight
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
