December Interest Rate

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

CNBC - Jan. 10

December jobs report exceeds expectations

The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS News - Jan. 10

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - Jan. 10

U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%

The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...

NBC News - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

US adds whopping 256K jobs in December

The U.S. added 256,000 jobs and the unemployment rate ticked down to 4.1 percent in December, according to data released Friday by the Labor Department. The December jobs report showed the U.S. ...

The Hill - Jan. 10

December jobs report expected to show hiring slowdown

The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...

CBS News - Jan. 10

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - Jan. 9

HELOC interest rates drop to 18-month low: Should you open one now?

HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.

CBS News - Jan. 9

What's a good home equity loan interest rate in 2025?

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

CBS News - Jan. 9

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - Jan. 9

Why two Fed officials doubt the need for many more rate cuts

One official warned that “progress on inflation could continue to stall.”

MarketWatch - Jan. 9

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - Jan. 9

Russia watching Trump's Greenland ambitions 'with great interest'

The Kremlin says it’s watching with “great interest” President-elect Trump’s ambitions for the U.S. to acquire Greenland. Trump declined to rule out using military force in his pursuit of ...

The Hill - Jan. 9

December jobs report forecast is 155,000. But here’s the number investors really should watch.

Rising unemployment prodded the Federal Reserve to cut interest rates last fall despite lingering inflation — and the jobless rate could still be the deciding factor for future rate cuts.

MarketWatch - Jan. 9

How to pay less interest on credit card debt in 2025

There are multiple ways to pay less interest on your credit card debt this year. Here are five to explore now.

CBS News - Jan. 9

China's consumer inflation slows further in December, stoking deflation worries

China's consumer prices in December edged up 0.1% in line with expectations from a year earlier, National Bureau of Statistics showed Thursday, fanning deflation concerns.

CNBC - Jan. 9

Fed officials saw need for ‘careful approach’ to future rate cuts

Minutes from December meeting show policymakers are concerned about US inflation risks

Financial Times - Jan. 8

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show

“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.

MarketWatch - Jan. 8

What's a good CD interest rate in 2025?

CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.

CBS News - Jan. 8

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

The Secret Sauce to Fixing the N.B.A.’s Ratings Woes

Rivalries spark fireworks, and the league is desperate for a new one, a columnist for The Athletic writes.

The New York Times - Jan. 8

Fed Minutes May Show Why More Rate Cuts Will Face Hurdles

After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.

Inc. - Jan. 8

Private sector companies added 122,000 jobs in December, less than expected, ADP says

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

CNBC - Jan. 8

Mortgage rates hit highest level since July, crushing application demand

Total mortgage application volume dropped 3.7% compared with the previous week.

CNBC - Jan. 8

Here's where mortgage rates could be headed in 2025

Mortgage rates in 2025 are expected to remain above 6%, according to multiple industry forecasts.

The Hill - Jan. 8

Source: City eye deal for £50m-rated Marmoush

Manchester City are exploring a deal to sign striker Omar Marmoush, a source has told ESPN, but accept that it will be difficult to prise him away from Eintracht Frankfurt.

ESPN - Jan. 7

Golden Globes Ratings Decline Slightly to 9.3 Million Viewers

The show on Sunday averaged 9.3 million viewers, down from 9.4 million the year before.

The New York Times - Jan. 7

Services index shows big jump in prices for December as companies fear tariffs

The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.

CNBC - Jan. 7

Trump: ‘Interest rates are far too high’

President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...

The Hill - Jan. 7

Elon Musk would be interested in buying Liverpool FC, claims father

‘He would like to yes, obviously. Anybody would want to’ Musk Sr says there is family connection to the city The father of the world’s richest man, Elon Musk, claims his son would be interested ...

The Guardian - Jan. 7

Donald Trump Jr. arrives in Greenland amid father's interest in acquiring island

Donald Trump Jr. has arrived in Greenland amid his father’s interest in acquiring the island. “Don Jr. and my Reps landing in Greenland. The reception has been great. They, and the Free World, need ...

The Hill - Jan. 7

Donald Trump Jr visits Greenland amid father’s interest in owning island

President-elect’s son says visit is ‘personal day trip’ as Danish PM says autonomous territory is ‘not for sale’. Donald Trump Jr touched down in Greenland on Tuesday, hours after his father ...

The Guardian - Jan. 7

O'Leary: Trump US-Canada merger an interesting concept

"Shark Tank” star Kevin O’Leary said Monday that the concept of the U.S. and Canada merging into one country is "very interesting." “I went to Palm Beach for a couple of days. On Saturday, we ...

The Hill - Jan. 7