The Petersburg Post

Friday, Nov 21st, 2025 - After a rough couple of years for mortgage rates, the Federal Reserve's recent 25-basis-point rate cuts , issued back-to-back in September and October, have finally offered borrowers a bit of breathing room. While mortgage rates don't move in lockstep with the Fed's benchmark rate, they often trend in the same direction , and the latest shift helped nudge home loan borrowing costs off their recent highs. Right now, ...

Friday, Nov 21st, 2025 - By Proponents of a cut in interest rates by the Federal Reserve in December gained a powerful backer Friday, when a top official said the central bank had scope to lower borrowing costs "in the near term." John C. Williams is president of the Federal Reserve Bank of New York and a close ally of Jerome Powell, the Fed chair. He emphasized in a speech that he was more concerned about the labor market weakening than ...

Thursday, Nov 20th, 2025 - US non-farm payrolls rose by 119,000 in September, but new data also shows economy shed jobs in August From Newsflash: The US economy added more jobs than forecast in September, as America's jobs market picked up after a summer lull. September's official employment report, delayed since the start of October by the US government shutdown, shows that nonfarm payroll employment rose by 119,000 in September. That's ...