The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don't think we need to be in a hurry. We think we can

President Trump called out Jerome Powell in a Truth Social post for not lowering interest rates this week, continuing his attacks on the Fed chief.

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.

The base rate is currently 4.5% - most analysts expect a cut to 4.25% Thanks for joining us for the Bank of England’s decision on interest rates, which comes just after midday. The Bank’s rate, which dictates borrowing costs for households and businesses - such as mortgages and loans - currently stands at 4.5%.

The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration.

The Bank of England is widely expected to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration

The central bank doesn't set mortgage rates outright, but its policy decisions affect the housing market's longer-term outlook.

The Fed paused rates again at its May meeting, so could mortgage rates finally fall? Here's what to expect now.

Monthly mortgage payment at today’s rates. The national median family income for 2024 was $97,800, according to the U.S. Department of Housing and Urban Development, and the med