Why Didnt Rates Drop When Fed Cut Rates
For weeks, the market has been anticipating the Fed to cut rates. Why did rates actually rise this week on the news?

For weeks, the market has been anticipating the Fed to cut rates. Why did rates actually rise this week on the news?

The Federal Reserve is widely expected to cut rates next week, but history shows that Fed cuts don’t always translate into lower mortgage rates — at least not right away.

The administration announced it is considering 11 candidates to potentially succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026. Treasury Secretary Scott Bessent will conduct interviews as part of the selection process. While Powell is still expected to serve out his full term, attention is already shifting toward what a change in leadership could mean for monetary policy—and the broader economy.

What everyone should know about Fed Chairman Powell's speech about monetary policy at Jackson Hole on August 22.