Fed holds rates steady
Digest more
The Federal Reserve is in a “new era,” but home buyers are facing the same old affordability challenges.
Inflation just jumped to its highest point since April 2023. Here's what that may mean for mortgage interest rates.
For the rest of 2026, models from forecasting companies like Trading Economics anticipate an inflation rate of about 3.5% through the middle of the year. After that, it may decline to around 3%.
Inflation hit its highest level in three years last month, according to fresh data released this week — but new Federal Reserve Chair Kevin Warsh wants the central bank to focus on different measures.
Federal Reserve Chair Kevin Warsh pledged to restore inflation to 2%, signaling a tougher stance that has markets increasingly pricing in rate hikes.
By Leika Kihara TOKYO, June 19 (Reuters) - Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will continue to raise interest rates with an eye on the risk of underlying inflation overshooting its 2% target.
