The Latest Breaking News from Jacob Channel

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

U.S. homeowners with mortgages were sitting on $23 trillion in housing wealth by the end of 2022.

The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

The Federal Reserve’s likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be nearing the end of its rate-hiking campaign to cool inflation

"People will probably be in for a little bit of pain" when federal student loan payments resume by the fall as inflation and layoffs persist.

At 76, Chrissy Gerulat is still paying off two mortgages.

It's a small drop, but still "very significant."

CHARLOTTE, N.C. — Whether it’s buying a home, saving for retirement or starting a business, student debt makes it difficult for graduates of historically Black colleges and universities to build wealth after college, a new report shows.

Home buyers have had to accept that mortgage rates probably won’t drop back down to record lows anytime soon.