Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%
President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.
Mortgage rates tick higher for first time in weeks
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
Mortgage rates fall for fifth straight week, lowest since mid-April
The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.
Private sector lost 33,000 jobs in June, well below expectations, ADP says
The figure reported on Wednesday is well below economists’ estimates of an increase of 95,000 jobs and also down from the prior month’s revised reading of 29,000 jobs.
Mortgage rates fall for 4th straight week, lowest since early May
The average rate on the 30-year fixed mortgage fell this week to 6.77%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.81%.
Trump slams Fed Chair Powell for not cutting rates: 'Average mentally person'
President Donald Trump on Wednesday criticized Federal Reserve Chairman Jerome Powell for keeping interest rates too high, calling the central bank chief an "average mentally person."
McDonald's, Krispy Kreme end doughnut partnership
McDonald's and Krispy Kreme announced on Tuesday that the companies are ending their partnership after the doughnut maker failed to achieve sustainable results.
Trump slams 'stupid' Fed Chair Jerome Powell ahead of interest rate decision
President Donald Trump slammed Federal Reserve Chairman Jerome Powell as "stupid" before the central bank's interest rate announcement on Wednesday afternoon.
Mortgage rates tick lower for second week in a row
The average rate on the 30-year fixed mortgage fell this week to 6.84%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.85%.