The average rate on 30-year fixed home loans registered at 6.58% for the week ending Aug. 21, same as last week.

As the Fed stays hawkish in the FOMC Minutes, the hopes are now pinned to today’s jobless claims, as a September rate cut could be confirmed.

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation ...

The multiday retreat in highflying technology stocks reflects jitters ahead of Federal Reserve Chair Jerome Powell's ...

Federal Reserve Chair Jerome Powell is preparing to address the annual Jackson Hole, Wyoming, economic forum as the Trump ...

The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.

The Justice Department signaled possible plans to investigate Federal Reserve Governor Lisa Cook, with a top official ...

Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and ...

To be sure, investors have reason to be cautious. Back in 2022, Powell's keynote speech at Jackson Hole stopped a torrid bear-market rally when he insisted that the central bank remained committed to ...

Mortgage fraud allegations against another Fed governor, Lisa Cook, returned the focus to the Trump team’s push to re-mold the central bank.

Grownups like Powell and Cook are firm, but restrained. In a piece about Powell this week the WSJ quoted one of his former colleagues as saying, “I think it is no more subtle than he wakes up every ...

Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and ...