Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on “Face the Nation with Margaret Brennan” on Aug. 23, 2026. MARGARET BRENNAN: For more on what’s next for the American economy, we’re joined by Neel Kashkari, President and CEO of the…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs. The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial…
Kasey is seven weeks old tomorrow. Her parents keep a running list of the people she hasn’t met: great-grandparents in the Midwest, family in Arizona, relatives who are sick and running out of time to fly. Measles is the reason. The official story in Utah is that the worst has passed. State guidance on the…
