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September 2025

Alberto

Fed’s Musalem: ‘Accountable’ central bank independence is key

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Alberto Musalem, president of the Federal Reserve Bank of St. Louis.Bloomberg News WASHINGTON — A member of the Federal Reserve’s interest rate-setting committee emphasized the importance of the central bank’s independence amid a looming challenge from the Trump administration. Federal Reserve Bank of St. Louis President Alberto G. Musalem, speaking at an event at the […]

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Mortgage application activity decreases despite lower rates

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The lowest interest rates in months couldn’t bring an influx of borrowers to the table in the run-up to Labor Day, as application volume declined for the third straight week, the Mortgage Bankers Association said.   The MBA’s Market Composite Index, a measure of weekly application volume based on a survey of association members, dropped a

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US treasury yields brush with 5% as global borrowing costs mount

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The 30-year Treasury bond’s yield rose to nearly 5% for the first time since July, underscoring investor concerns about US fiscal trends and elevated inflation. The US 30-year yield climbed as much as four basis points to 4.999% on Wednesday before stabilizing, mirroring similar moves in the UK and Japan, where a deepening selloff pushed borrowing costs to the

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