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The Federal Reserve pushed the pause button on its interest rate cuts, leaving its key rate unchanged after lowering it three times last year.
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The Trump administration said on Tuesday that it will begin garnishing the wages of student loan borrowers who are in default early next year.
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Nevada unveils new help for essential workers looking to finally secure a place they can call home.
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It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years.
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For now, the U.S. job market appears stuck in a “low-hire, low-fire” state that has kept the unemployment rate historically low.
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The new conforming loan limit is a 3.3% increase from its 2025 level.
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Wednesday's decision brings the Fed's key rate down to about 3.9%, from about 4.1%.
What’s more important will be what Fed officials say about the probability of more cuts.
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The unemployment rate ticked up to 4.2%.
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The Fed also signaled it would cut rates just once in 2026, down from two cuts projected in March.