September 25, 2024 United States: US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing Applications to refinance mortgages surged for a second week as more Americans capitalized on the cheapest borrowing costs in two years. The Mortgage Bankers Association’s refinancing index jumped 20.3% in the week ended Sept. 20 to the highest level since

September 24, 2024 United States: Bowman Says Fed Must Keep Eye on Inflation, Upside Risks Remain Federal Reserve Governor Michelle Bowman said the central bank should lower interest rates at a “measured” pace, arguing that inflationary risks remain and that the labor market has not shown significant weakening. “Turning to the risks to achieving our

September 23, 2024 United States: Fed’s Bostic Says Large Cut Bolsters Labor Market, Pace Not Set Federal Reserve Bank of Atlanta President Raphael Bostic said starting the central bank’s cutting cycle with a large move will help bring interest rates closer to neutral levels as the risks between inflation and employment become more balanced. But

September 20, 2024 United States: Fed’s Relaxed Bank-Capital Plan Faces Bipartisan FDIC Pushback A plan to dial back US regulators’ landmark bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp. At least three of five FDIC directors oppose the latest overhaul previewed by the Federal Reserve last week, according