A federal judge on Friday said he was blocking subpoenas that the Justice Department served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank’s renovation. “A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting … Read more
A mortgage interest rate lock in today’s rising rate climate could make sense for borrowers. Pla2na/Getty Images Slowly but gradually, mortgage interest rates look like they’re heading up again. After rates looked to be moving comfortably toward the 5% mark in early February, they’ve since risen in recent weeks, sparked by a combination of overseas … Read more
There are some important things that homebuyers should avoid this month, before the March Federal Reserve meeting begins. Pamela Albin Moore/fstop123/Getty Images With the first Federal Reserve meeting since January just days away, homebuyers find themselves stuck in a holding pattern. There was no interest rate cut when the bank met previously this year, but … Read more
Inflation held steady in February — but the latest reading offers little clarity for Federal Reserve officials, who are navigating an increasingly complicated economic landscape. Consumer prices rose 2.4% from a year earlier, according to new government data released Wednesday, a figure that suggests inflation has been gradually cooling toward the Fed’s 2% target. But … Read more
The Fed’s upcoming rate decision may not have as much of an impact on your credit cards as you’d think. jittawit.21/Getty Images Credit card debt has continued to climb in the past year, and cardholders now owe a collective $1.28 trillion on their credit cards, the highest level on record. But that’s hardly the only … Read more
Mortgage interest rates have been gradually declining over the past year, but will that continue this March? Getty Images/iStockphoto Heading into March, there were multiple items borrowers were monitoring that could impact their mortgage rate offers. The first, the unemployment report for February, was released on March 6, and it showed an uptick in the … Read more
The war with Iran is quickly becoming an economic problem for the United States — and a policy dilemma for the Federal Reserve. Rising oil prices, shipping disruptions in the Middle East and fresh signs of weakness in the U.S. labor market are creating a complicated backdrop just as inflation had begun to show some … Read more
Lawmaker blasts Trump administration for Iran war and claims lies are being fed to Americans – CBS News Watch CBS News California Democratic Rep. Jimmy Gomez is claiming the Trump administration is lying to Americans about its objectives for the Iran war. Gomez joined CBS News with his take on the conflict. Source link
Israeli President Isaac Herzog said Wednesday that Israel and the U.S. did not have “much of a choice” but to “take action” and strike Iran. He also indicated that Israel had intelligence showing Iran wants to expand its arsenal of long-range missiles from 2,000 to 20,000. “When you know that they have invested all their … Read more
There are some strategic moves for homebuyers to consider making now, before the March Fed meeting. Getty Images/iStockphoto For the first time since January, the Federal Reserve is set to meet again this month to discuss monetary policy and the future of interest rates. While the former is important, the latter is clearly where millions … Read more