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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 ...
Yields on savings accounts at the nation’s biggest banks, such as Chase and Bank of America, are the same today as they were when the Fed’s key rate was near-zero, hovering between 0.01-0.05 ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove ...
The Federal Reserve said it is cutting rates by 0.25 ... rate — the interest rate banks charge each other for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level ...
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 ...
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 ...