Mortgage rates in the U.S. hit their highest level in a year on Thursday as renewed tensions in the Middle East and the Federal Reserve’s interest rate decision this week fanned inflation concerns. The rate on a conventional 30-year mortgage averaged 6.66% in the week ending July 30, the highest level since July 2025, according to … Read more
Stocks plummet and Wall Street suffers worst day of 2026 as Fed keeps interest rates steady – CBS News Watch CBS News Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News’ … Read more
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O’Grady joins with analysis. Source link
This week’s Fed rate freeze could be the final one before a 2026 hike, and that’s something that should concern homebuyers and owners looking to refinance. Andriy Onufriyenko/Getty Images The Federal Reserve again kept its benchmark interest rate frozen on Wednesday, the fifth such pause so far in 2026. But with inflation still comfortably above … Read more
Fed holds interest rates steady despite inflation concerns – CBS News Watch CBS News The Federal Reserve has voted to keep interest rates steady at the 3.5% to 3.75% target range despite concerns about inflation and oil prices. The decision was not unanimous. CBS News MoneyWatch correspondent Kelly O’Grady breaks it down. Source link
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change … Read more
Concerns over this week’s Fed meeting are hovering over the mortgage interest rate climate. sakchai vongsasiripat/Getty Images The Federal Reserve will hold its fifth meeting of 2026 this week, and, for the first time in multiple years, the potential for an interest rate hike at the central bank’s two-day meeting can’t be easily dismissed. According … Read more
The affordability crisis is revving up again. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The war in Iran and President Donald Trump’s global tariff agenda are pushing prices higher across the country and raising fears of renewed inflation. Gas prices are surging again, hitting $4.10 per gallon … Read more
President Trump’s newly announced tariffs target 60 economies with rates ranging from 10% to 12.5%. They replace Section 122 levies, which expired early Friday morning. The new tariff schedule, announced by the White House Thursday evening, is enacted under Section 301 of the Trade Act of 1974. It places tariffs of up to 12.5% on a … Read more
The Federal Reserve is expected to leave interest rates unchanged at its July meeting next week, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But … Read more