Banking and Financial Institutions – Page 2

Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

By Jeanna Smialek

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Mortgage Rates Fell, Then Rose. What Comes Next?

Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.

By Jeanna Smialek and Danielle Kaye

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Stock Market Rallies to Its Best Week in Over a Year

President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.

By Danielle Kaye

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China Reveals $1.4 Trillion Plan to Bail Out Local Governments

The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.

By Meaghan Tobin and John Liu

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