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The Federal Reserve is in a "new era," but home buyers are facing the same old affordability challenges.
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The department, citing high default rates, is reducing interest rates on federal student loans by up to one percentage point for two years.
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The futures market now sees at least one interest rate increase this year, as the Federal Reserve's new leader, Kevin Warsh, vows to fight inflation.
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The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
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Businesses looking for any relief from the cost of debt were left wanting more Wednesday.
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Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.
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