Not even 48 hours after the conclusion of last month's meeting, data from the Labor Department appeared to validate the concerns of Bowman and Waller when it showed fewer jobs than expected were created in July.

Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.

Kansas City Fed president Jeffrey Schmid opened the door to rate cuts in September, but remains wary of inflation pressures in the economy.

By Dan Burns WASHINGTON (Reuters) -Last month's decision by the U.S. Federal Reserve to hold interest rates unchanged prompted dissents from two top central bankers who wanted to lower rates to guard against further weakening of the job market,

The Fed minutes from the July policy meeting failed to buttress the Sept rate cut idea and instead carried the same tone of caution as most other statements. The CME probability of a cut fell to 79.1% this morning from 82.4% yesterday and 92.1% the week before. So, less conviction, but conviction all the same.

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs.

Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.

The Federal Reserve, led by Chair Jerome Powell, is due to make its next rate decision on Sept. 17. (Tom Williams/Zuma Press) In late July, Federal Reserve Chair Jerome Powell kept the central bank's options wide open for its next meeting, and said the Fed ...