Mortgage rates fall a bit to 6.58%
In a recent interview, U.S. Treasury Secretary Scott Bescent emphasized President Trump’s focus on discussions with Vladimir Putin, updates on US-China trade negotiations, and solutions to the housing affordability crisis. Freddie Mac shared some important news on Thursday. The latest research from Freddie Mac revealed that the average rate for 30-year fixed mortgages dropped to […]
Crime rates in D.C. rank among the highest in the country as Trump announces an emergency
With President Donald Trump’s recent push to send federal law enforcement to patrol the streets of Washington D.C., new data highlights the capital’s troubling violent crime rates in comparison to other major U.S. cities. During a press conference, Trump outlined plans to deploy National Guard troops and take control of the Metropolitan Police Department (MPD) […]
GIB Approves Life Insurance Rates and Evaluates Health Plan Options
Group Insurance Board Reviews Health Insurance Program Today, the Group Insurance Board took a closer look at a comparative analysis regarding the design of the Group Health Insurance Program (GHIP). Additionally, the board has approved a premium hike for the Wisconsin Public Employers (WPE) Group Life Insurance Program. The ETF examined the non-Medicare plan options […]
Schmid from the Kansas City Fed supports maintaining stable interest rates
Discussion on Federal Reserve Policies On a recent panel of The Big Money Show, discussions revolved around President Donald Trump’s proposals to modify the Federal Reserve, led by Jerome Powell. Members of the Federal Reserve, responsible for shaping monetary policy, expressed support for keeping interest rates steady to curb any potential inflation brought on by […]
Bessent urges significant reductions in interest rates
Treasury Secretary Scott Bessent expressed on Wednesday that short-term interest rates could be about 1.5 to 1.75 percentage points lower than they currently stand. He also emphasized the need for the administration to keep up its pressure on the Federal Reserve. Bessent advocates for a half-point cut during the next Federal Reserve meeting in September, […]
Bessent calls on the Fed to reduce interest rates in September.
Treasury Secretary Scott Bescent called on central bankers on Wednesday to implement a half-point rate cut at their upcoming meeting next month. He suggested that the central bank’s target rate should be lowered by at least 1.5 percentage points from its current level. “I think we should start a series of rate cuts, beginning with […]
S&P 500 soars to an all-time high as inflation report signals Fed can lower rates: Live updates
Stock Market Update On August 11, 2025, traders were busy on the floor of the New York Stock Exchange. Stock prices climbed on Tuesday as investors seemed relieved by the inflation report, which, although higher than anticipated, might encourage the Federal Reserve to consider cutting interest rates next month. The Dow Jones Industrial Average jumped […]
Fed Chair Powell says significant harm has resulted from not reducing rates
Trump Criticizes Fed’s Powell Over Interest Rates Former President Donald Trump has expressed strong disapproval of Federal Reserve Chairman Jerome Powell, claiming significant damage was done by not lowering interest rates after recent inflation data fell short of expectations. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.2% in […]
Trump urges Powell to lower rates immediately, hints at a lawsuit over Fed building renovations.
President Donald Trump recently pressured Federal Reserve Chairman Jerome Powell to lower interest rates, even suggesting the potential for lawsuits related to a $3.1 billion renovation project by the central bank. Despite Trump’s push, inflation rates remain relatively steady at 2.7% as of July—a situation that seems to frustrate him further, given his insistence on […]
Gold price forecast for today: What direction will gold rates take on August 12, 2025? Here’s the outlook
Gold Price Prediction Update Gold prices seem to be in a tight range, despite various optimistic factors influencing the market. Praveen Singh, a senior research analyst from Mirae Asset Sharekhan, shares insights on the current gold price outlook and levels worth noting for investors. Current Gold Performance Spot gold wrapped up the week ending August […]