CNBC

The Fed just cut interest rates—how much cheaper credit cards, auto loans and mortgages could get

For the first time in 2025, the Federal Reserve is reducing the cost of borrowing, including for credit cards, loans and auto financing. As expected, the central bank cut the federal funds rate by 25 basis points on Wednesday, bringing it down to a range ...

Private-sector hiring hits lowest rate since 2010 in worrying sign of slowdown

Hiring for the private sector fell in February to the lowest rate since February 2010, when the economy was struggling to pull itself from the depths of the Great Recession, the Bureau of Labor Statistics reported Tuesday.
CNN

The Fed just cut interest rates for the sixth time. Here’s why you’re not seeing much of a difference in your loans

Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle in September 2024. Since the fed funds rate affects ...
New Republic

Another Blaring Warning Sign About Trump’s Economy Is Here

The labor market continued to struggle in August, according to Bureau of Labor Statistics data published on Tuesday. The hiring rate in August—or, the number of hires as a share of total employment—dipped slightly from the prior month, down to just 3.2 ...
Hosted on MSN

Bitcoin stays pinned below $70K as BTC’s negative funding rate flashes warning sign

Bitcoin (BTC) failed to reclaim the $70,000 level on Tuesday following a retraction in the S&P 500 futures. Traders are concerned that investments in the artificial intelligence sector could take longer to mature, which pressured shares of Nvidia (NVDA US ...
CNBC

Adjustable-rate mortgages may get cheaper following Fed rate cut—what to know before choosing one

With the Federal Reserve cutting its benchmark rate, some homebuyers may wonder whether mortgage rates will follow — and whether an adjustable-rate mortgage could offer a cheaper way to get into a home. On Wednesday, the central bank lowered the federal ...
Los Angeles Times

Federal Reserve cuts key rate but signals higher bar for future reductions

This is read by an automated voice. Please report any issues or inconsistencies here. Federal Reserve cuts rates to about 3.6% but signals a pause on future reductions, defying President Trump’s demands for steeper cuts to borrowing costs. Deep divisions ...
San Diego Union-Tribune

‘Cause for concern’: San Diego jobless rate jumps in June

San Diego’s unemployment rate surged by nearly a percentage point, to 4.9%, in June, a rare occurrence that suggests signs of a weakening labor force and economy. Between May and June, the county saw 900 fewer jobs, with the biggest losses occurring in ...
MoneyWeek

Nationwide to cut interest rates on more than 20 savings accounts

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. The building society has been popular for having some of the best savings accounts. Nationwide said the cuts are in response to the Bank of England ...