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Chicago Fed president Austan Goolsbee says one month of strong jobs and inflation data won't keep the Fed from cutting rates again.
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 ...
For example, we went from a benchmark federal funds rate at near-zero levels to the recent peak target range of 5.25% to 5.5%, over a series of several rate hikes in 2022 and 2023.
The likes of Goldman Sachs expect a third in between, with the majority view agreeing that the Fed will bring the base rate back down to just over the 3% mark in 2025.
High-yield savings rates for December 18, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.05% APY with no minimums at ...
Thursday’s Fed rate cut reduced its benchmark rate to about 4.6%, down from a four-decade high of 5.3%. The Fed had kept its rate that high for more than a year to fight the worst inflation ...
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