A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.

Incoming U.S. inflation signals are offering the Federal Reserve little or no justification to resume interest rate cuts, and it's hard to see that changing before September.

President Donald Trump on Thursday visited the Federal Reserve building to tour its renovations as he pushes the agency to cut interest rates. Trump was joined by Federal Reserve Chairman Jerome Powell and stood in the middle of the ongoing renovations during a press conference.

President Trump clashed with Federal Reserve Chair Jerome Powell as more lawmakers weigh in on a need for an interest rate cut. CBS News' Kelly O'Grady reports.

Explore how the U-shaped yield curve, Treasury rates, and inflation trends align with Trump's rate cut call, offering insights for short-term investments.

Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

The Federal Reserve is aggressively increasing interest rates to slow the economy down. In 2022, the Fed raised interest rates 200 basis points, or 2%, in hopes of slowing down inflation.

The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, which has sat at 4.25% to 4.5% since December. The decision will go public at 2 p.m. Eastern time on Wednesday, and Fed Chair Jerome Powell will address the media at 2:30 p.m.