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Fed holds rates steady despite Trump’s push for cuts
The Fed kept interest rates at 4.3% as inflation lingers, defying Trump’s demands for cuts and signaling uncertainty around future economic conditions.
Wall Street ends strong week with more record highs
U.S. stocks finished the week at record highs, with gains in the S&P 500, Dow and Nasdaq. Deckers and Edwards surged, while Intel shares fell.
US mortgage rates ease slightly to 6.74% but remain high
The average 30-year U.S. mortgage rate dipped to 6.74%, offering little relief to homebuyers as high borrowing costs continue to pressure the housing market.
Wall Street edges lower after strong week of earnings
Stocks dip as Wall Street nears a winning week. Mixed earnings, merger talks and inflation data shape investor outlook ahead of the Fed’s next move.
Tariff inflation rises as consumer prices spike in June
U.S. inflation hit 2.7% in June as Trump's tariffs push up prices on goods like appliances and clothing, triggering economic and political concerns.
US mortgage rate climbs to 6.72% after five-week decline
The average 30-year US mortgage rate rose to 6.72%, ending a five-week slide as borrowing costs edge higher and the housing market faces continued headwinds.
US stocks hit record as strong job market lifts yields
US stocks reach new highs as strong jobs data boosts investor confidence and bond yields, lowering hopes for a Fed rate cut and easing recession fears.
Americans cut spending as inflation edges higher in May
US inflation rose to 2.3% in May while Americans cut spending and incomes dropped. Tariffs and weak hiring weigh on growth as Fed weighs rate cuts.
US stocks hit record high after tariff-driven plunge
US stocks close at a record high after rebounding from tariff fears. S&P 500, Dow and Nasdaq all rise as investors watch trade talks and inflation.
US stocks near record as S&P 500 recovers 20% drop
U.S. stocks rose Thursday with the S&P 500 nearing its record high, fueled by tech gains, AI stocks, and easing concerns over Trump’s proposed tariffs.
Powell warns tariffs may boost inflation amid GOP criticism
Fed Chair Jerome Powell says Trump’s tariffs could raise inflation, as some Republican senators accuse him of bias and push back on rate cut delays.
Powell says Fed will hold rates despite Trump pressure
Fed Chair Jerome Powell says interest rates will stay on hold for now, rejecting President Trump’s calls for immediate cuts amid tariff concerns.
