Lower interest rates would likely eliminate the need for 50-year mortgage, US Treasury adviser says

Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost ...

FPF: Preferred Exposure Benefiting From A Friendlier Rate Environment

The First Trust Intermediate Duration Preferred & Income Fund (FPF) provides exposure primarily to preferred securities but ...

Interest rates should be above the rate of inflation - analyst

Peter Boockvar, chief investment officer at OnePoint BFG Wealth Partners, believes the Federal Reserve should maintain ...
Business Wire

Southern California Edison Announces Redemption of SCE Trust IV 5.375% Fixed-to-Floating Rate Trust Preference Securities

ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison announced today that it will redeem all the outstanding shares of its Series J Preference Stock, which will cause SCE Trust IV to redeem ...
Wall Street Journal

Bank of Mexico Cuts Interest Rate for 11th Straight Time

MEXICO CITY—The Bank of Mexico extended its monetary easing cycle Thursday as expected with an 11th consecutive cut in its benchmark interest rate, and kept the door open to more reductions in the ...
The New York Times

Interest Rates Are Falling. Why Are People Still Buying Money Market Funds?

The Federal Reserve’s rate cut will reduce investor returns, yet money market funds remain a good deal, our columnist says. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, ...
PBS

News Wrap: Federal Reserve cuts interest rates for 2nd time this year

In our news wrap Wednesday, the Federal Reserve cut its topline interest rate by a quarter-point for the second time this year, President Trump is due to meet China's Xi Jinping on the last leg of his ...
New York Post

Fed cuts interest rates by quarter point for second time in a row, showing concern about job market

The Federal Reserve on Wednesday cut interest rates by a quarter point for the second time in a row on labor market concerns – but Chair Jerome Powell said another cut in December is “far from” ...
NBC News

Federal Reserve cuts key interest rate in bid to boost job market

The Federal Reserve on Wednesday cut its benchmark interest rate for the second time this year as it seeks to boost economic activity and rejuvenate the sluggish labor market despite concerns about ...
USA Today

Fed reduces interest rate by a quarter point, Powell says December cut not guaranteed

The Federal Reserve on Oct. 29 announced a quarter percentage point rate cut, marking its second consecutive rate reduction. The move brings the Fed’s benchmark interest rate down to a range of 3.75% ...
ABC News

Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump

In recent months, inflation has picked up while hiring has slowed. The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its second interest rate ...
The New York Times

Fed Cuts Interest Rates for Second Time This Year

new video loaded: Fed Cuts Interest Rates for Second Time This Year transcript Fed Chair Jerome Powell announced that the Federal Reserve would cut interest rates by another quarter point on Wednesday ...