"The Fed has said time and time again that inflation would be really difficult to tame, and they are more than willing to keep rates high until inflation becomes more manageable," Jacob Channel, senior economist at LendingTree, told CBS MoneyWatch. "I understand why people are concerned, and...
5 reasons the Fed needs to raise rates todayMatt Busigin
The best CD rates across terms held steady today. CD rates have generally been declining since theFederal Reservecut its benchmark interest rate last month—and another rate cut by the Fed today won't help matters. But you can still grab the5.50% leading offerfor an ...
This prime rate is derived from the Federal Funds effective rate, which is the interest rates at which banks lend money to each other. TheFederal Reserveprovides guidance on what the Fed Funds rate should be set at, known as the “Federal Funds target rate”. Banks usually follow suit, and...
"It's been a long marathon — the Fed feels it's time to lower interest rates again," Sara Rathner, co-host of the Smart Money podcast and a personal finance expert for NerdWallet, told CBS MoneyWatch. "Consumers are definitely feeling the pinch. It's been this one-two punch of high...
and we think that would help with the Fed's decision to begin cutting rates. However, June is probably too soon, and we believe rates are likely going to be held flat at that June meeting. Still, we think there is an importance to follow their communication and what they're saying at...
Federal Reserve opted for a larger 50-bps reduction in interest rates today, rather than a more traditional 25-bps rate cut. Today’s rate cut marks a clear shift in the Fed’s focus from taming inflation to protecting the U.S. labor market and the economic expansion. We expect the Fed...
This is why economists commonly say that Fed rate cuts are "priced in" to current mortgage rates.READ: Today’s FHA Mortgage RatesInflation Although unemployment has been steadily ticking higher and inflation is now much closer to the Fed's target of 2% annual price growth, recent...
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 the market even priced in a small, sub-1% chance that the Fed would leave rates unchanged next month....
Inflation has slowed and the labor market has softened enough to satisfy the Federal Reserve. That means the central bank is about to cut interest rates. On Aug. 23, Fed Chair Jerome Powell said, "The time has come for policy to adjust. The direction of