There's another Federal Reserve meeting on the calendar this month, but will mortgage rates fall once it's over?

WASHINGTON (AP) — The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% towards the end of President Donald Trump 's term in office in 2028, according to a new report released Thursday by the nonpartisan Congressional Budget Office.

President Donald Trump said December inflation data supports his calls for Federal Reserve Chair Jerome Powell to cut interest rates after CPI showed 2.7% annual price growth.

The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut. Typically ...

Gold hit a record high on Tuesday, as U.S. inflation data cemented bets on Federal Reserve rate cuts this year and persistent geopolitical and economic uncertainties drove safe-haven demand, while silver also hit a fresh peak.

A jobs report to be released on Friday will provide a key gauge of the health of the U.S. economy as the Federal Reserve slashes interest rates in an effort to revive an ailing labor market. The fresh data comes two weeks after a blockbuster report on economic growth appeared to rebuke worries about the wider economy.

On Tuesday, President Trump spoke to the Detroit Economic Club and posted a social media message calling on Iranians to keep protesting. CBS News' Erica Brown reports.

The U.S. Federal Reserve operates independently from the government and sets interest rates in an effort to keep inflation at two per cent annually. Jerome Powell alleges the threatened criminal indictment was a response to independent policymakers refusing to lower interest rates,