Search results
Results From The WOW.Com Content Network
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 ...
Some of those rates, notably mortgages, have fallen quite a bit as the Fed has telegraphed its intentions for rate cuts: The average 30-year fixed rate mortgage recently fell to 6.20%, according ...
The FOMC cut rates by 25 basis points. They drew back on their easing bias somewhat by removing "downside risks to growth remain" from its statement, but left no sign of a future pause to the interest rate cuts. Fisher and Plosser dissented, preferring no change. Official statement: March 18, 2008 2.25% 2.50% 8–2
The Fed's careful approach helps explain why savings accounts and CDs still offer attractive interest rates above 4% — and why it would be smart to prepare for future rate cuts today while you can.
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 ...
On September 18, the Federal Reserve cut the federal funds rate by 50 basis points to a new target range of 4.75% to 5.00%. This was the first rate cut since 2020.
The cut, likely to be announced Wednesday afternoon, is seen as between one-fourth and one-half of 1 percentage point. The Fed began increasing its target rate as the pace of inflation began to ...
The Federal Reserve has broken a four-year run and cut its benchmark interest rate by half a percentage point to 4.75-5.0 percent.. This significant move signals that the US central bank believes ...