"As a big business owner looking at rates at 1% or 2%, I'm definitely saying, 'what do you know that I don't?'"

With June's inflation reading coming in hotter than the month prior, the Fed is under renewed pressure to maintain its current target range for the federal funds rate. Analysts now see little chance of a rate cut in the near term. That means HELOC borrowers are unlikely to see significant rate drops anytime soon.

July 18 mortgage rates hold steady at 6.625% as builders offer discounts and incentives to attract hesitant buyers.

In a wide-ranging interview with Yahoo Finance Federal Reserve Reporter Jennifer Schonberger, Chicago Fed President Austan Goolsbee discusses how tariffs impact his outlook for inflation and what he wants to see from the US economy in order to cut rates.

As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

According to a June 9 Lending Tree report, Oklahoma has the highest average homeowners insurance premium in the country.

Countries that typically had large families in those regions are joining most of the rest of the world in declining fertility. That news is not actually new. In 2023, Americas Quarterly reported that Brazil “shrank” by close to 5 million people if you count children who were never born due to falling birth rates.