Tag: rates
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Vaccination rates for flu and Covid are low this season, CDC says
Vaccination rates for the flu, Covid-19 and respiratory syncytial virus (RSV) are low for adults in the U.S. so far this season, according to a new report from the Centers for Disease Control and Prevention. As of Nov. 9, an estimated 35% of U.S. adults had gotten the new flu vaccine, and nearly 18% had…
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Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how economic circumstances play out. Should the economy run hot and inflation flare up again, Powell and his colleagues could decide to tap the brakes on their efforts to lower interest rates. That in turn could infuriate Trump, who…
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Home sales surged in October, just before mortgage rates jumped
A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year, marking…
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Fed Governor Waller sees need for ‘more caution’ ahead when lowering interest rates
Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could still be running at a hotter-than-desired pace. Citing recent reports on employment, inflation, gross domestic product and income, the policymaker indicated that “the data is…
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The Fed is finally cutting rates, but banks aren’t in the clear just yet
Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s because lower rates will slow the migration of money that’s happened over the past two years as customers shifted cash out of checking accounts and into higher-yielding options like CDs and money market funds. When the Federal Reserve cut…
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate to a range of 4.75% to 5%. After a better-than-expected jobs…
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The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving higher, particularly at the long…