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The Fed projected lowering rates another half point by the end of the year. The next cut could come at the Fed's next policy meeting on Nov. 7, just two days after the U.S. presidential election.
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ...
Pinned post. Fed follows through, cutting interest rates by a quarter of a percentage point. The Federal Reserve cut interest rates for the second consecutive meeting on Thursday, this time by a ...
The U.S. central bank has so far cut interest rates a full percentage point from a 23-year high of 5.25-5.5 percent. ... on growth if other countries start retaliating. Powell also added that he ...
A series of rate cuts brought the benchmark federal funds rate down a full percentage point between September and December 2024, to the current range of 4.25% to 4.5%. (This story has been updated ...
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
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 ...
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.