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The average 30-year fixed-rate mortgage fell to 3.29 percent this week, the lowest level in the Freddie Mac survey's nearly 50-year history. read more...
Very low rates mean there is little room to maneuver if economic conditions get worse.
CNBC's Steve Liesman reports on calls for the U.S. Federal Reserve to cut interest rates as the coronavirus outbreak threatens to affect consumer activity in the United States, which would hurt economic growth.
Leon Cooperman, Omega Family Office CEO and chairman, discusses the growing coronavirus outbreak and its effect on stock markets.
A top European Central Bank official signaled that the bank could roll out fresh interest-rate cuts and bond purchases to support the eurozone economy against the impact of the coronavirus epidemic.
The Australian central bank cut rates to record lows and noted the impact of the coronavirus outbreak.
The president called on Fed Chair Jerome Powell to take action after Australia's central bank cut its rates to a record low of 0.5% on Tuesday.
The central bank said it would cut interest rates by half a percentage point.
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move desi...
It's the biggest rate cut since the 2008 financial crisis — central bank says the virus poses "evolving risks."
America's central bank cuts interest rates by 50 basis points over concerns about the economic impact.
The Fed said the “fundamentals of the U.S. economy remain strong” but that the coronavirus “poses evolving risks to economic activity.” Fed Chairman Jerome Powell will be holding a press conference at 11 a.m. The decision was unanimous among the Federal Open Market Committee members. Earlier in the day, Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin joined other G7 central bankers and finance ministers to discuss a coordinated...
Markets had been widely expecting the U.S. central bank to take some type of action, with anticipation of a 50 basis point cut by the next Federal Open Market Committee meeting later this month.
The U.S. dollar fell across the board after the U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
The Fed lowered its key interest rate by half percentage point in response to the growing threat the coronavirus poses to the economy and markets
Stocks fell in volatile trading on Tuesday after the Federal Reserve slashed interest rates by half a percentage point in an emergency effort to stem slower economic growth from the coronavirus outbreak.
G7 finance officials will on Tuesday discuss ways to bolster their economies aga...
Here's the latest news on COVID-19 in the U.S. and worldwide.