Top Fed Official Backs Jul. Rate Cut
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The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.
"As a big business owner looking at rates at 1% or 2%, I'm definitely saying, 'what do you know that I don't?'"
STORY: U.S. President Donald Trump said this week that the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill.
The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check,
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
HDFC Bank expects its net interest margins to remain steady over the next few quarters, aided by the gradual pass-through of recent repo rate cuts and deposit repricing
Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as inflation remains sticky and the labour market resilient. Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.