Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.

JPMorgan Chase CEO Jamie Dimon has downplayed the Fed's recent interest rate cut. In reality, rate cuts have the potential to ...

The Federal Reserve began cutting interest rates in September 2024, and Fed leadership communicated that more cuts would be ...

But if you're hoping the Fed's rate cuts will lead to cheaper groceries and gas, you may need to reset some expectations. In ...

A warmer-than-expected inflation reading released Thursday offers new ammunition for Federal Reserve hawks who are arguing ...

The bond market is growing less convinced by the day that the Federal Reserve will embark on two further interest-rate cuts ...

The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday ...

By Ann Saphir and Michael S. Derby (Reuters) -Slowly cooling inflation and a U.S. job market that remains strong but at risk ...

Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very ...

Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less ...

Looking ahead, the Fed expects to make further rate cuts— possibly another 0.50% in 2024 and 1.0% more in 2025. Additionally, ...

Mortgage rates dropped before the Fed’s last meeting, and have risen more than 50 basis points since. If you’re wondering why ...