Inflation edged higher in September amid a jump in gasoline prices and other essentials like electricity, while President Donald Trump’s tariffs put pressure on prices for physical goods like clothing and furniture, economists said. The consumer price index, a key inflation barometer, rose 3% in September from a year earlier, the Bureau of Labor Statistics reported Friday….
The Federal Reserve announced Wednesday it will lower its benchmark rate by a quarter point, paving the way for relief from some of the high borrowing costs that have weighed on consumers. The federal funds rate, which is set by the Federal Open Market Committee, is the interest rate at which banks borrow and lend to one…
The Good Brigade | Digitalvision | Getty Images Mortgage rates have been declining, making conditions favorable for some homeowners to refinance, experts say. The average 30-year fixed rate mortgage was 6.58% for the week ending Thursday, August 14, down from 6.63% the week prior, according to Freddie Mac. Mortgage rates have come down a point…
As the Trump administration overhauls the federal student loan repayment system, borrowers may soon find it difficult to keep up with their monthly payments, consumer advocates said. The SAVE, or Saving on a Valuable Education, plan, touted by the Biden administration as the most affordable repayment program ever, is now defunct. President Donald Trump’s “big…