WFAE16m
Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
Global stock index outperforms Wall St, bond yields dip with rates in focus
MSCI's gauge of stocks across the globe rose 2.38 points, or 0.28%, to 849.68. Earlier, Europe's STOXX 600 index closed up ...
Maine Public16m
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
Gold gains as upbeat U.S. economic data lifts market sentiment
Gold futures gained for the third straight day on Thursday rise as positive U.S. economic data pressured Treasury yields further, increasing hopes for easier monetary policy from the Federal Reserve.
First Horizon CEO says he's cautious about interest rate cuts in 2025
In a Thursday interview with CNBC's Jim Cramer, First Horizon CEO Bryan Jordan said his hopes for interest rate cuts in 2025 are fairly tempered. "We use three cuts in 2025...I'm a little more ...
The Highland County Press15m
Trump's Treasury pick Scott Bessent says 'spending is out of control'
Under questioning from U.S. Sen. Elizabeth Warren, D-Mass, Bessent said he was open to raising the debt ceiling if Trump wanted to do so. However, he likened removing the debt ceiling to removing a ...