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The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
Thursday’s Fed rate cut reduced its benchmark rate to about 4.6%, down from a four-decade high of 5.3%. The Fed had kept its rate that high for more than a year to fight the worst inflation ...
The Federal Reserve cut its federal funds rate by a quarter point today following a two-day policy meeting, bringing its benchmark rate to between 4.25% and 4.50%. ... Today's rate cut comes at a ...
Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after Donald Trump was elected president.. The central bank voted unanimously Thursday to cut ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 65% chance that the Fed will cut rates to a range of 4.75% to 5.00%, with a 35% chance the Fed will ...
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
How much will the Fed cut rates? The recent rate cut took the target range of the benchmark federal funds rate from 5.25% to 5.5% to 4.75% to 5.0%. (Note: The federal funds rate is always set to a ...