The Federal Reserve has signaled that it will continue to hike interest rates sporadically. Now the Congressional Budget Office is projecting just how high rates might go over the next few years
After raising interest rates at its last meeting, the Federal Reserve decided against a rate hike in May – but intimated that further hikes were on the way
A White House spokesman says President Obama is confident that his pick to head the Federal Reserve will be confirmed despite some Republican grumblings.
Stronger-than-expected economic data pushed rates higher for the second week in a row this week.
The presumptive head of the Federal Reserve testified before the Senate today on her plans for the Fed's $85bn-per-month bond-buying program.
Presumptive Fed chair Janet Yellen is continuing the dovish dialogue of her predecessor
Borrowers who refinanced in the third quarter will see a net savings of $6bn in interest over the next 12 months
Some investors are speculating that the Fed may wind back its $85bn-per-month bond-buying program sooner than expected, perhaps fueling a hike in mortgage rates.