Feds cut interest rate for first time since 2020. Here’s what that could mean for your wallet. U.S. stocks leaped to record highs Wednesday before fading after the Federal Reserve delivered an interest rate cut on the larger side of expectations, reducing itsbenchmark rate by 0.50 percentage...
A rate cut will have no impact on the amount of the monthly payment for a fixed-rate mortgage. Low rates can be good for potential homeowners but fixed-rate mortgages don't move directly with the Fed's rate changes. A Fed rate cut changes the short-term lending rate but most fixed-rat...
The Federal Reserve today made itsfinal interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering inits first rate reductionin four years. On Dec. 18, the Federal Reserve made itsthird...
The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. The unemployment rate stood at4.2% in August 2024 with 7.1 million Americans without work, little changed from recent months. But the jobs picture had darkened notably from a year ...
Credit cards:A Federal Reserve rate cut could translate to a lower minimum payment on credit cards and a lower cost to carry a balance from one month to the next. “Credit card users should always be on the lookout for lower variable rate formulas, and a rate cut or two is a perfect ...
The Federal Reserve, often simply called "the Fed," is the central bank of the U.S. As a key player in shaping monetary policy, its most potent tool is the ability to influence interest rates. But why does the Fed choose to cut rates when economic troubles arise?
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.
Washington Post editorial writer and columnist Heather Long discusses the Federal Reserve's management of rate cuts and the impact of the July jobs report. Billionaire Elon Musksaid Sunday the Federal Reserve was "foolish" to not have cut interest rates sooner in the wake of a lackluster jobs ...
With inflation sticking at a level above their 2% target, Federal Reserve officials are downgrading their outlook for interest rate cuts.
A rate cut right after the election would not bode well, optically. Here's why the Fed might do it anyway Federal Reserve officials meet just four more times this year — in July, September, November and December. So the single rate cut officials are now penciling in for the year could...