Federal Reserve Governor Chris Waller said on Thursday said he favors cutting the Fed's policy rate in July. He also discussed the Fed's balance sheet and why it should continue to pay interest on bank reserves.

The Federal Reserve Bank of New York on July 8 released its June 2025 Survey of Consumer Expectations, which shows that U.S. households’ inflation expectations ticked down in the short-term horizon and remained unchanged at the medium- and longer-term horizons.

Federal Reserve governor Christopher Waller said Thursday that the central bank should consider cutting interest rates at its July meeting, even after a strong June jobs report.

Mortgage Rates Likely to Creep Up as Trump Reignites Trade War: Today's Rates, July 8, 2025 ... The average 30-year fixed mortgage interest rate is 6.74% today, down -0.02% since one week ago.

The best savings account rates for July 2025. Depending on the high-yield savings account, ... The federal-funds rate is the interest rate at which banks lend money to one another overnight.

Fixed deposit interest rates in July 2025 remain attractive, with small finance banks offering up to 8.50%, while major banks like SBI and HDFC prioritise safety and steady returns.

To get the most value out of a CD account right now, savers will want to avoid making these mistakes this summer.

The Reserve Bank of New Zealand will leave interest rates unchanged on July 9, a majority of economists polled by Reuters expected, with the median forecast showing just one more 25 basis point cut this year compared with two in a May survey.