James Bullard, a former president of the St. Louis Federal Reserve, said Fed Chair Kevin Warsh could decide on policy changes without signaling to the market first, sparking volatility
Mortgage rates fell a little this week, as mixed economic data makes the Federal Reserve’s decision-making a little trickier. The average 30-year mortgage rate fell five basis points to 6.28% APR. A basis point is one one-hundredth of a percentage point, and we calculate our weekly average using daily APRs provided by Zillow over the…
The findings from Mills Review published by the Financial Conduct Authority (FCA) about the impact of artificial intelligence (AI) should not concern advisers but make them reconsider how they operate. Stuart Cheetham, CEO of MQube, said the firm welcomed the review as it recognised both the opportunities and responsibilities that came with the increased adoption of…
The two officials agree on the limits of forward guidance but diverge on how far the retreat should go, a distinction that carries direct consequences for mortgage professionals watching every Fed signal for clues about rate direction. “I continue to believe that forward guidance can be a valuable tool that has, at times, significantly strengthened policymaking…
Jeff Bezos attends the Viva Technology show at Parc des Expositions on June 17, 2026 in Paris, France. Chesnot | Getty Images Entertainment | Getty Images Jeff Bezos‘ Blue Origin is raising about $10 billion, in its first outside funding round that will value the rocket company at $130 billion, sources told CNBC’s Andrew Ross…
Hungary finance minister says 2026 deficit would reach 7.5% of GDP
Key insights: JPMorganChase, Wells Fargo, PNC and other large banks are in talks to purchase parts of Fiserv’s debit-processing business. What’s at stake: A bank-led debit network could create pressure for card brands and other legacy payment providers. Forward look: Payment experts say other debit networks may be an attractive option for large technology companies…
