interest rates

The move comes while official statistics on jobs, inflation, and consumer spending are stalled during the government shutdown.

While some regional Fed banks have hard data, many of those figures come from agencies that are closed during the shutdown.

As the government borrows more and more it makes it more expensive for U.S. consumers to borrow money for mortgages, cars, and more.

It’s down more than 10% since January.

The dollar is hovering around a two-month high. Up until a couple months ago its value had been falling since January. What’s behind the uptick? And what forces may end this trend?

The minutes are dry, but they contain clues about what the central bank might do next.

The rate current homeowners pay has never been this low when compared to the rate for new mortgages.

The Federal Reserve just cut interest rates by a quarter of a percentage point. While that should affect rates throughout the economy, some lenders report that not much has changed.

But he doesn’t have long to convince his new colleagues, who remain skeptical.

With mortgage rates below 6.5%, lots of recent buyers are deciding to refinance. But there hasn’t been a similar increase in prospective buyers entering the market.