Fed's Bowman Warns of Fragile Job Market, Urges Readiness for Rate Cuts
Federal Reserve Vice Chair Michelle Bowman said the fragile job market may weaken, requiring readiness to cut rates if needed, while noting inflation risks are uneven.
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Latest reporting and analysis tagged with interest rates.
Federal Reserve Vice Chair Michelle Bowman said the fragile job market may weaken, requiring readiness to cut rates if needed, while noting inflation risks are uneven.
Homeowners are refinancing mortgages to secure lower rates, access equity, or adjust loan terms. The process involves financial preparation, lender selection, and closing steps.
Federal Reserve Vice Chair Michelle Bowman said the central bank should be prepared to cut interest rates further, citing signs of fragility in the labor market and warning that layoffs could rise quickly.
A Trump administration proposal to cap credit card interest rates at 10% faces skepticism from experts and banking industry pushback, with concerns about unintended consequences for high-risk borrowers.
APR reflects the total cost of a personal loan, including interest and fees. It varies by credit score, income, and loan terms. Comparing APRs helps borrowers assess true costs.
Borrowers with high credit scores and stable incomes are securing personal loans with APRs below the national average, as lenders offer competitive rates to creditworthy applicants.
Recent data reveals average personal loan interest rates at 12.19%, with balances averaging $11,724. The Federal Reserve has cut rates three times in 2025, influencing borrowing costs.
Bankrate data shows average personal loan rates at 12.19% as of Jan. 14, 2026, with LightStream offering the lowest rate at 6.24%. Rates vary by lender type and borrower credit.
Bilt introduces three new credit cards with rates capped at 10% for the first year, including a premium option, as CEO Ankur Jain cites affordability needs. The launch follows President Trump's call for interest rate limits.