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Federal Reserve

7 events, most recent first · See what it is connected to

  1. politicsWashington, D.C., United States

    Trump establishes committee to investigate Lisa Cook

    Donald Trump established a three-member committee to investigate Federal Reserve Governor Lisa Cook over alleged mortgage fraud. Cook's lawyers say she cannot attend the planned 5 November hearing because of official duties and that she could appear only after the Fed's 8-9 December meeting.

    20 claims4 sourcesUpdated
  2. A softer-than-expected August inflation reading boosted US stocks and reduced traders’ estimated probability of an October Federal Reserve rate hike from about 45% to 35%.

    3.4%

    The Personal Consumption Expenditures price index rose 3.4% year-on-year in August.

    +7 more claims1 sourceUpdated
  3. economyWashington, United States

    Federal Reserve rate hike as US mortgage rates reach 7.49%

    The Federal Reserve raised its benchmark rate to a 3.75%-4% target range as inflation remained high. The average 30-year mortgage rate later reached 7.49%, its highest level in nearly three years, while mortgage applications fell to their lowest level since February 2025.

    7.49%▲ from 7.28

    Average 30-year mortgage rate

    +24 more claims5 sourcesUpdated
  4. The Labor Department reported that wholesale prices rose sharply in September, driven largely by higher fuel costs. The increase raised concerns about further pressure on consumer prices and possible Federal Reserve interest-rate hikes.

    6.3%

    The Producer Price Index rose 6.3% in September compared with a year earlier.

    +8 more claims1 sourceUpdated
  5. Government bond yields have risen sharply across the United States, Germany, Japan and Europe, with the US 10-year yield near a two-decade high. Inflation, oil prices, strong US data and government borrowing and spending are cited as pressures.

    58.4

    September US Flash Composite PMI

    +11 more claims2 sourcesUpdated