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The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to President Donald Trump's tariffs.
Gold held steady after the latest Federal Reserve minutes showed officials are divided over the outlook for interest rates.
Today’s mortgage rates: 30-year fixed at 6.625%, 15-year at 5.75%. Explore trends and what buyers should know now.
Federal Reserve Bank of San Francisco President Mary Daly said on Thursday the time to cut rates is nearing, without saying when she believes that should happen.
Gold held a two-day advance as traders focused on tariff threats from President Donald Trump and the outlook for US monetary policy. Bullion traded above $3 330 an ounce, after posting modest gains on Wednesday and Thursday that pared a weekly drop.
In their latest quarterly economic projections, released June 18, eight of the 19 FOMC officials said they expect two rate cuts by year-end, with seven forecasting no cuts at all. Three months earlier, nine expected two cuts in 2025 and four expected no cuts.
Refinance rates were mixed, but one key rate fell. Even a slightly lower interest rate can save you money on your home loan.
Bitcoin (BTC) holds steady at around $108,000 at the time of writing on Wednesday as investors adopt a cautious stance ahead of the Federal Reserve’s (Fed) meeting minutes release. In the absence of any relevant market-moving news, market participants are closely watching for signals on the Fed’s potential rate-cut path.