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This is 2024's third federal funds rate cut following a half-point cut in September and a quarter cut in November. Today's rate cut comes at a critical time, as inflation has steadily increased ...
Sure, the 30-year fixed-rate mortgage has edged lower since the Fed last cut borrowing costs in November, sinking to 6.78 percent from 7 percent on Nov. 7. But mortgage rates remain more than half ...
The interest-rate cut comes one week after the latest inflation data — the consumer price index rose 2.7% year-over-year in November, an uptick from 2.6% in October and 2.4% in September ...
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
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 ...
The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.