The Latest Breaking News from the Federal Reserve

Keeping an eye on mortgage rates as you plan to buy your first home, upgrade or downgrade the size of your house, or refinance? Here are the current average mortgage rates—as well as everything you need to know about how mortgages work.

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

Plus: The Federal Reserve considers an interest rate cut, its chairman considers persistently high inflation, housing pops up on the National Mall, and more...

June S&P 500 E-Mini futures (ESM24) are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.63% this morning as market participants weighed slowing U.S. inflation against the Federal Reserve’s more hawkish tone on interest rates, with attention now shifting to crucial U.S. PPI data and an earnings…

Asian shares are mostly higher as investors turn their attention to what the Bank of Japan might decide on monetary policy later this week

The ASX200 has finished 0.4 per cent higher after US inflation eased in May, even as the Federal Reserve predicted just one rate cut in 2024.

Stocks had a mixed day as investors analyzed inflation data and Fed's rate projections, with Dow down, S&P up, and Nasdaq hitting records.

The Federal Reserve kept interest rates unchanged and penciled in one quarter-point cut in 2024.