Powell at Jackson Hole: ‘The Time Has Come’ for Rate Cuts
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Aug. 23. Powell did not say when rate cuts would begin or how large they might be,...Top Official Says Fed Can’t Risk Being Too Late with Cuts
A top Federal Reserve official warned this month that the Fed needs to cut its key interest rate before the job market weakened further or it would risk moving too late and potentially imperil the economy. In an interview with The Associated Press, Austan Goolsbee,...Rate Locks Ticking Up as Mortgage Rates Fall
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years. According to an Optimal Blue report on July mortgage application...Citizens to Close Downtown Hannover Branch
Citizens Bank will only be left with two physical locations in the Upper Valley once its Main Street branch in Hanover closes in October. Customers were sent letters last month warning of the plans to shutter the branch and its ATM on Oct. 9, the Valley News...The Fed Seems Certain to Cut Rates. But How Fast?
Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September....This Week’s Paper: Digital Edition
