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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 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 ...
The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.
How will the rate cuts impact mortgage rates? Mortgage rates had surged alongside the Fed's hikes, with the 30-year fixed-rate loan topping 7% in 2023 as well as earlier this year.
Every Fed rate cut opens the door to lower interest charges and monthly payments. Dig deeper: What are the monthly payments on a $500,000 mortgage? 4. Investments and stock portfolios.
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it ...
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...