Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...

CBS News business analyst Jill Schlesinger breaks down why the federal reserve made the decision to cut its benchmark ...

The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value by the end of the ...

The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news ...

The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.

But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic ...

Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage ...

Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.

Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank ...

Indexes rose Thursday as investors digested Wednesday's jumbo rate cut from the Fed and a fall in weekly jobless claims.

Republican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve's decision to cut interest rates by ...

The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in ...