It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after ...
Is now a good time to take out a home equity loan? Should the Fed’s moves alter your feeling about borrowing against your home equity in general?Let’s break down all of the things you need to know about tapping your home equity these days.How does a Fed rate cut impact HELOCs a...
The shift expected to the Fed's monetary policy in September could have implications for card users. Here's how.
000 jobs were created last month—implying that the Fed might not need to cut rates as drastically to keep the economy healthy. The odds of a 50-point cut in November dropped to zero. The odds of a 25-point cut shot up to 99.1%, and...
Kathy Jones and Liz Ann Sonders analyze the market's reaction to the Fed's 50 bps rate cut. Transcript Open new window After you listen Follow the hosts on social media: Kathy Jones on X and LinkedIn. Liz Ann Sonders on X and LinkedIn. With the Federal Reserve cutting rates by 50 ...
A Fed interest rate cut will impact private student loans, but not federal student loans. Some privatestudent loan interest rateswill fall. Whether you can qualify for the lowest rates, though, depends on factors like your credit score and income. If you have an existing fixed-rate private st...
Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on January 22, 2008. It said it was cutting the federal funds rate, the interest that banks charge each other on overnight ...
The result is that borrowers who have been hoping for much-lower-rate loans could be disappointed. Loan rates may barely budge if the Fed sticks with its plan to cut its key short-term rate only twice next year. “This could be the last cut fo...
Given that the Fed chose to cut rates this week by more than consensus surveys had expected, and that its own revised rate projections also show more rate cuts in the pipeline than anticipated, investors may harbour some concerns that the Fed is getting ahead of itself, and that more aggress...
For now, the majority of economists polled by FactSet are forecasting a rate cut from the Fed at its June 12 meeting. If that occurs, it would mark the first interest rate reduction since March 2020, when the central bank moved to stimulate growth as the pandemic was slamming the economy...