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The wait is over. After more than a year of will-they-or-won’t-they, the Federal Reserve on Sept. 18 announced the first cut to its benchmark federal funds rate since the early days of the COVID ...
On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for ...
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 Federal Reserve went big with its first interest rate cut since March of 2020. The Fed announced a half-point cut in the federal funds rate, dropping to 4.875%, down from a 23-year high of 5. ...
The Fed, after 5.25 percentage points of increases between March 2022 and July 2023, is seen deciding between a quarter-percentage point cut in its key rate to the 5.00%-5.25% range, or a half ...
Mortgage rates fell sharply leading up to the Fed’s first rate cut, dropping all the way from 8.01 percent in Oct. 2023 to 6.20 percent as of Sept. 18, 2024, according to Bankrate’s national ...
The Fed rate cut: 5 ways lower rates will affect your wallet (Panuwat Dangsungnoen via Getty Images) The Federal Reserve announced its third 2024 federal funds rate cut in December, continuing the ...