The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
The Federal Reserve on Wednesdayannouncedits third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for borrowers, the central bank also projected that it will loosen rates less next...
Rate cuts put on ice as consumer inflation surges to a 9-month high BY Christopher Rugaber, Irina Ivanova and Others February 12, 2025 Finance Federal Reserve’s likely slowdown in rate cuts could make prospective homebuyers sad BY Christopher Rugaber and Associated Press November 21, 20...
WASHINGTON (AP) — Americans hoping for lower borrowing costs forhomes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The of...
With inflation sticking at a level above their 2% target, Federal Reserve officials are downgrading their outlook for interest rate cuts.
The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs. ...
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.
FED HOLDS RATES STEADY AS INFLATION CASTS DOUBT ON FUTURE RATE CUTS Federal Reserve Chairman Jerome Powell has said that further interest rate hikes are unlikely, but rates may remain elevated until inflation subsides.(Samuel Corum/Getty Images / Getty Images) ...
Cuts in the Fed's target interest rate could, however, provide some downward pressure. "Continued rate cuts could begin to drive down mortgage rates, which have remained stubbornly high," said Michele Raneri, vice president of U.S. research and consulting at TransUnion. As of the week ending...
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. REUTERS/Annabelle Gordon/File Photo By Indradip Ghosh BE...