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As the Fed plans to 'raise and hold,' new projections may show the cost
- WASHINGTON, Dec 2 (Reuters) - U.S. Federal Reserve officials have signaled plans for a half-point interest rate hike at their meeting this month, and while that would be a step down from recent rate increases, new projections issued then could show a policy rate headed toward levels last seen on the eve of the 2007 financial crisis. Moreover, in an outlook that could lean against market expectations for rate cuts ...

Today's mortgage and refinance rates: December 2, 2022 | Rates move down following Powell speech
- Mortgage rates have trended down this week following a speech Federal Reserve Chair Jerome Powell gave at the Brookings Institution on Wednesday. In his speech, Powell talked about the current economic conditions and how the Fed is thinking about inflation as it prepares to head into its mid-December meeting. Powell reiterated what he's been saying for months, which is that inflation has been incredibly stubborn ...

Gas prices are now lower than before Russia's invasion of Ukraine
- Americans are now paying less for gasoline than they did before Russia invaded Ukraine in February as fuel prices continue to drop amid slowing demand across the globe.  The average price for a gallon of gas is now $3.47, or less than the average $3.54 per gallon that motorists paid the week of February 21, when Russia began its military campaign in Ukraine, according to data from AAA. Russia's invasion of ...