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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 ...
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 ...
The Federal Reserve announced its third 2024 federal funds rate cut in December, continuing the shift that began with September's aggressive half-point reduction.
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%.
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 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 Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September.. The central bank’s latest move leaves its ...
The Federal Reserve's rate-cutting cycle is already done as the latest jobs report revealed an economy and labor market that are stronger than expected, according to analysts at Bank of America.