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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.
Introducing Bankrate’s live blog. Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve.
The S&P 500 topped a record high on Wednesday on the news of Trump’s reelection and hit another record high on Thursday before the Fed announced its interest rate decision.
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 Federal Reserve cut interest rates by 25 basis points in its last decision of 2024. It marks the third consecutive rate cut of the year. Powell said the Fed is likely to move more cautiously ...
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 ...