The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you. Sep 19 02:50 Why the Fed cut rates for first time in 4 years ...
Bumper US interest rate cut aims to boost flagging economy Housing market demand surges 2:33 Inflation: What you need to know US interest rate cut likely after inflation falls Analysis What could the increase in inflation signal? '90% chance of interest rate cut this autumn' as jobs market ...
September 11, 2023 / 9:23 AM EDT / CBS News Many experts predict CD interest rates will stay relatively stable in 2023. Getty Images In this inflationary period, the Federal Reserve has been raising interest rates to try to cool the economy down. Amidst these rate hikes, which directly ...
Interest rate newsfrom U.S., China challenges investors
Savings rates and high-interest accounts in the news Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the benchmark that affects interest rates set for deposit accounts, l...
rate from near 0% to a to level of 5.50%. Its primary mission was to temper what had been rising inflation. The Fed held rates at that level until September 2024, when the policymaking Federal Open Market Committee (FOMC) initiated a 0.50% fed funds rate cut, its first cut since 2020...
Read more about Select on CNBC and on NBC News , and click here to read our full advertiser disclosure. Banking Best 5% interest savings accounts of November 2024 A 5% APY is a top interest rate offered on the market right now; these accounts lead the way....
What Is the Difference Between APY and Interest Rate? How the interest is applied to your account determines the key difference between the interest rate and the APY. The interest rate is the percentage of interest applied to your balance during a certain period, such as each day or each mon...
By VICTORIA GUIDA 09/17/2024 10:00 AM EDT Economy US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates By ASSOCIATED PRESS 09/11/2024 09:38 AM EDT Economy 'The time has come': Fed's Powell sees rate cuts with inflation easing By VICTORIA GUIDA 08/23/...
The Federal Reserve’s monetary policy committee said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy. Chair Jerome Powell stressed that a decision hasn’t been made on whether to continue pausing next month or hike ...