Fed's Powell says "more good data" could open door to rate cuts

Powell says he would not resign as Fed chief if Trump asked for his resignation

When asked whether he would resign if asked by Trump, the Fed chair simply said: "No."

Business - CNBC - 22 hours ago

Fed Chair Powell says he won't resign if Trump asks him to step down

Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.

Fed Chair Jerome Powell says he won't resign if Trump tries to remove him

Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch ...

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - Yesterday

10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...

Business - MarketWatch - October 30

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

What will happen to home equity loan rates after this week's Fed rate cut?

Another Fed rate cut is expected this week. Here's what that could mean for home equity loan rates.

Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts

With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.

Business - CNBC - 22 hours ago

Muddled Jobs Data May Do Little to Alter Immediate Fed Rate Path

Officials at the Federal Reserve are widely expected to cut rates by a quarter point next week.

Business - The New York Times - November 1

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

How the Federal Reserve interest rate cut could affect Americans

The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the ...

Trump is not expected to try to fire Fed Chair Powell

Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.

Business - MarketWatch - Yesterday

Bull market turns 2. Why fewer Fed rate cuts won’t rattle stock investors.

Even though concerns around a potential reheating of inflation have added to the uncertainty around the Federal Reserve’s interest rate path, it may not stop stocks from going higher, analysts said.

Business - MarketWatch - October 13

How to rethink cash as the Fed cuts interest rates, according to top financial advisors

The U.S. Federal Reserve cut interest rates in September, and more cuts are expected at least into 2025. Earnings on cash are expected to fall as well.

Business - CNBC - October 23

Fed rate cuts were supposed to buoy small-cap stocks. What’s holding them back?

Small-cap stocks were widely expected to benefit most from the Federal Reserve’s interest-rate cuts — but that has yet to materialize.

Business - MarketWatch - October 26

Election-week Fed meeting won’t give markets the roadmap they want

Next Thursday, economists expect broad agreement among Fed Chair Jerome Powell and his colleagues on a decision to reduce the benchmark interest rate by a quarter-percentage point to a range of ...

Business - MarketWatch - 4 days ago

The Fed is expected to cut interest rates again Thursday. Here's everything you need to know

Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.

Business - CNBC - Yesterday

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...

The Fed just cut interest rates by another 25 basis points—here’s what will get cheaper

With interest rates declining, borrowing costs for credit cards, personal loans, and auto financing should get a bit cheaper, saving a few bucks on most loans.

Business - CNBC - Yesterday

10-year Treasury yield ends below 4-month high after Fed cuts rates again

Yields on long-dated U.S. government debt dropped from their highest levels since early July on Thursday, after the Federal Reserve delivered a widely expected quarter-point interest-rate cut.

Business - MarketWatch - 22 hours ago

How the Fed's rate cut and this week's election made for record-breaking market rallies

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - 23 hours ago

S&P 500, Nasdaq close at records and extend postelection rally as Fed cuts rates

The S&P 500 and Nasdaq rose Thursday, extending Wall Street’s rally in the wake of President-elect Donald Trump’s victory, as traders weighed the latest rate cut from the Federal Reserve.

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - October 29

Data centres could be a source of heat for European cities, says Danfoss boss

Danish executive calls for clear regulation for green transition to avoid the continent’s companies being ‘left on the platform’

World - Financial Times - October 29

IRS ruling on 401(k) company matches could open doors to pay off debt

A new Internal Revenue Service ruling on 401(k) company matches could change the way employees apply the contributions made by their employers. CBS News senior business and technology correspondent ...

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