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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 ...
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%.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... a homeowner with a $400,000 mortgage could save about $400 a month by refinancing into a loan at today's rate of ...
The move means officials have now slashed the Fed’s key benchmark interest rate — the federal funds rate — a full percentage point, bringing the new target rate down to 4.25-4.5 percent.
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025. The Fed could slash rates by 200 points over 8 straight meetings as the economy heads for a sharper downtrend, Citi ...
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 ...
Homeowners and homebuyers. The Fed’s half-point interest rate cut has provided would-be homebuyers with no relief. In fact, the 30-year fixed-rate mortgage has risen every week since that Sept ...