Markets Insider

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

ANDY MILLS (AM): The Federal Reserve has indicated they’ll probably do one interest rate cut this year, but with cooling consumer spending, do you see that thesis changing at all?. JIM THORNE (JT): Short-term money has a higher rate of interest than long-term money. The yield curve is inverted....

The Fed is already too late to cut interest rates and now a crisis is brewing, strategist says

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Business Insider

These are today's mortgage and refinance rates. The latest inflation data suggests that we could get a Fed cut soon, which is good news for mortgage rates.

Mortgage Interest Rate Today, June 30, 2024 | Rates Should Trend Down Further This Year

New York Post

In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. 

The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark federal funds rate from 0% to 5.25-5.50%, according to Yahoo Finance.

Today, the median monthly mortgage payment on a new home stands at $2,256, about 7% higher than last year, the Mortgage Bankers Association (MBA) reports. So, when will mortgage rates go down? Experts from Fannie...

This is when you can expect mortgage rates to go down — and why you should buy before a recession hits

As president, Trump called for the elimination of the Education Department's debt relief programs, including the popular Public Service Loan Forgiveness initiative, which benefits public employees such as members of the U.S. Armed Forces, first responders, public defenders, prosecutors and teachers. He also wanted to slash the department's budget, and...

Trump may roll back student loan forgiveness programs if elected to second term

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

The average interest rate for a standard 30-year fixed mortgage is 7.01% today, down -0.04% since one week ago. The average rate for a 15-year fixed mortgage is 6.45%, which is a decrease of -0.12% compared to a week ago. For a look at mortgage rate movement, see the chart below.

Mortgage Rates Continue to Improve After Fed Week. Today’s Mortgage Rates for June 17, 2024

The average 30-year fixed mortgage interest rate is 7.00% today, an increase of 0.08% over the last week. The average rate for a 15-year fixed mortgage is 6.47%, which is an increase of 0.12% from the same time last week. For a look at mortgage rate movement, see the chart below.

Lower Mortgage Rates Attract Buyers. Today’s Mortgage Rates on June 28, 2024

Many retirees are still feeling the impact of higher prices. Yet data points to a lower Social Security cost-of-living adjustment in 2025. Here's the most recent estimate based on the latest price movements. Retirees are still feeling the impact of higher prices. Yet one buffer for the effects of inflation...

Social Security cost-of-living adjustment may be lower in 2025. These charts help show why

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

The Biden administration's new repayment plan for student loan borrowers — the Saving on a Valuable Education, or SAVE, plan — is facing legal challenges. Here's what relief borrowers can still expect. Millions of student loan borrowers were looking forward to a smaller monthly bill come July, until...

Millions of student loan borrowers to see their bills lowered in July — here's what else to know

CNBC's Deirdre Bosa joins 'Power Lunch' to share details about the French regulatory scrutiny on Nvidia.

Nvidia could face 10% annual revenue penalty from French antitrust charges

San Francisco, CA

CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

CNBC TechCheck Evening Edition: July 3, 2024

Reuters

(Reuters) - Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.

Factbox-US banks' commercial real estate loan worries linger after latest tumble

For some people, the goal of traveling abroad is to go somewhere entirely different from home. For Ikiah McGowan, much of her international travel is fueled by the desire to find a place that feels like home — but outside the U.S. That's how McGowan, 39, recently found herself...

'They want out': This company helps Americans experiment with expat living

The Investment Committee discuss the latest Calls Of The Day.

Calls of the Day: Uber, Adobe, SLB, RTX

Do you think and speak in ways that mark you as being emotionally intelligent?. After spending more than 25 years researching and writing books about emotional intelligence, I know that you should hope the answer is yes. As I discuss in my most recent book "Optimal," being emotionally intelligent means...

If you always use these 12 phrases, you’re more emotionally intelligent than most

PBS NewsHour

Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high inflation.

U.S. inflation slowing again, but Fed Chair Powell warns it isn't yet time to cut rates

NewsBreak

Powell's signaling steady interest rates through the November election, says DCLA's Sethi

Sarat Sethi, DCLA managing partner and portfolio manager, joins 'Squawk...

Powell's signaling steady interest rates through the November election, says DCLA's Sethi

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