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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 ...
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 Fed’s interest rate decision: What it means for you Savers Yields are currently the highest in over a decade, and interest rates remaining higher for longer means they’ll likely stay that way.
Edit Update. Stocks hold steady as Fed’s rate cut arrives. Stocks largely remained unchanged Thursday afternoon after the Fed announced a 25-basis-point interest rate cut.
The Federal Open Market Committee (FOMC)’s decision means its key benchmark borrowing rate will now hold in a target range of 4.5-4.75 percent, the lowest since the spring of 2023.
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
Central bankers are set to conclude their policy meeting and announce their highly anticipated decision on interest rates at 2 p.m. ET, with markets betting on a rate cut with certainty.
The Powell-led rate-setting panel will announce a rate decision at the conclusion of its meeting today, September 18, 2024, at 2 p.m. ET. ... Savings interest rates today: Yes, you can still find ...