President Joe Biden's tenure in the White House is ending with a gulf between his policy record and his public reputation.

Nominal interest rates refer to the interest rates that are unadjusted for inflation. In other words ... However, this rate is expressed on an annual basis and does not take into account the effect of ...

As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency's benchmark rate, such as the economy and 10-year Treasury bond yields.

The post-pandemic burst of high inflation, once called "transitory" by Federal Reserve officials, is poised to enter its ...