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The Federal Reserve went big with its first interest rate cut since March of 2020. The Fed announced a half-point cut in the federal funds rate, dropping to 4.875%, down from a 23-year high of 5.50%.
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 ...
On September 18, the Federal Reserve cut the federal funds rate by 50 basis points to a new target range of 4.75% to 5.00%. This was the first rate cut since 2020.
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 wait is over. After more than a year of will-they-or-won’t-they, the Federal Reserve on Sept. 18 announced the first cut to its benchmark federal funds rate since the early days of the COVID ...
As the Federal Reserve cut its federal funds rate, ... banks keep rates for existing CDs unchanged even when the Federal Reserve adjusts its Fed rate. For example, if you opened a two-year CD at 4 ...
The cut, likely to be announced Wednesday afternoon, is seen as between one-fourth and one-half of 1 percentage point. The Fed began increasing its target rate as the pace of inflation began to ...
The stock market's reaction to the Fed's rate cut is less predictable, because in the short-run it will hinge on whether the Fed's move is seen as locking in a soft landing, or a sign that the ...