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2. Savings interest rates today: Best accounts still paying out ...

   www.aol.com/finance/savings-interest-rates-today...

   The Federal Reserve announced a cut to benchmark interest rates yesterday, dropping the Fed rate by 50 basis points to a range of 4.75% to 5.00% — the first time its lowered rates since March 2020.

3. Monetary policy of the United States - Wikipedia

   en.wikipedia.org/wiki/Monetary_policy_of_the...

   Monetary policy of the United States. The monetary policy of the United States is the set of policies which the Federal Reserve follows to achieve its twin objectives of high employment and stable inflation. [1] The US central bank, The Federal Reserve System, colloquially known as "The Fed", was created in 1913 by the Federal Reserve Act as ...

4. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

5. History of Federal Open Market Committee actions - Wikipedia

   en.wikipedia.org/wiki/History_of_Federal_Open...

   The effective federal funds rate over time, through December 2023. This is a list of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of treasury securities. The Federal Open Market Committee meets every two months during the fiscal year.

6. Savings interest rates today: Ready your money for Fed cuts ...

   www.aol.com/finance/savings-interest-rates-today...

   The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 67% chance that the Fed will cut rates to a range of 4.75% to 5.00%, with a 33% chance the Fed will ...

7. The Fed rate cut: 5 ways lower rates will affect your wallet

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   The Federal Reserve shook things up today by cutting its federal funds rate by a half point for the first time since March 2020. This change isn’t just dry economics news — it has a real ...