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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 ...
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
A reporter listens as U.S. Federal Reserve Chair Jerome Powell answers a question during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy ...
The Federal Reserve held interest rates steady Wednesday amid growing speculation that the central bank would start rate cuts later this year. Fed Chair Jerome Powell is slated to give remarks ...
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 ...
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 ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... "It's been a long marathon — the Fed feels it's time to lower interest rates again," Sara Rathner, co-host of ...