The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.

U.S. stocks are shaky after President Donald Trump said he had talked about the concept of firing the head of the Federal Reserve.

The Fed cut, half the size of its September reduction, lowers the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.5% to 4.75% from its ...

Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent need to lower interest rates right now given that inflation is still too high, amid ongoing uncertainty about how trade tariffs will affect price pressures.

President Trump urges the Federal Reserve to set a low benchmark interest rate, aiming to ease government borrowing costs. While this could facilitate administration spending, experts warn it may signal economic distress rather than strength,

He said he still thought interest rates could be lower in "nine to 12 months." Rates on 30-year mortgages began escalating from historic lows in 2021 and reached a high of nearly 8% in late 2023.

The White House is criticizing an expensive renovation at Federal Reserve headquarters as President Donald Trump pursues a pressure campaign to lower interest rates.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.