The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac’s latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2,...
The envelope, please. As part of its many-pronged response to the severe credit crisis, the Federal Reserve established a...
Days after Covid-19 was declared a pandemic, the Federal Reserve took the drastic move of cutting its benchmark interest...
The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the...
The central bank’s multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and other properties out in the cold. Earlier this week the Federal Reserve announced it would launch an...
The Federal Reserve dramatically expanded its lending programs meant to unclog credit on Monday by expanding its facilities to include different types of municipal and corporate debt. The Federal Open Market Committee said the...
Acknowledging that the full scope of the coronavirus pandemic’s impact on the economy is unknowable, Federal Reserve Chairman Jerome...
UPDATED, 4:13 p.m., March 3: The Federal Reserve announced an emergency rate cut on Tuesday morning, a direct response...
Paul Volcker, the former head of the Federal Reserve, who fought a war against inflation and was the driving...
There may come a time when a Federal Reserve interest rate cut is met with skepticism from the broader...
