Fed lowers key interest rate by another quarter point but sees just 2 cuts in 2025
The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick.
Fed's third interest rate cut will help many consumers who took on high-cost debt
Federal Reserve cuts interest rates for the third time in 2024, easing the pain for many. But uncertainty is building about future rate cuts.
Stock Market Today: Dow ends down over 1,100 points after Fed lowers interest rates, signals fewer cuts in 2025
The Cboe Volatility Index, which trades under the ticker symbol VIX, was down 4% at slightly more than 15, according to FactSet data, at last check. The VIX was trading slightly below its 200-day moving average, based on FactSet data around midday Wednesday.
The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, they're higher. Why?
Fed policymakers see slower rate-cut path next year
By Michael S. Derby, Ann Saphir (Reuters) -Federal Reserve policymakers, fresh from an interest rate cut this week, fleshed out on Friday the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump.
Fed’s Goolsbee Now Sees Shallower Path for Rate Cuts Next Year
Federal Reserve Bank of Chicago President Austan Goolsbee said he adjusted his outlook for interest rates a little higher for 2025 but added he still expects borrowing costs to fall a “fair bit more” over the next 12 to 18 months.
The Fed’s rate cuts were supposed to make borrowing cheaper. So why is it harder than ever to buy a house?
Most recently, right after the Fed’s decision was announced, the 30-year mortgage rate jumped 22 basis points between Tues
Fed policymakers prepare the ground for rate-cut pause next year
By Michael S. Derby, Ann Saphir (Reuters) -Federal Reserve policymakers, fresh from an interest rate cut this week, on Friday signaled their readiness to take a break from further reductions in borrowing costs next year as they take stock of progress to lower inflation.
Fed’s Daly ‘Very Comfortable’ With Two 2025 Rate Cuts
Federal Reserve Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts in 2025. Daly added, “my projection is that it will take many fewer rate cuts next year than we thought but I’ll watch the economy and see if that works out.
Fed cuts interest rates a third time, points to inflation as challenge for 2025
The Federal Reserve is poised to lower interest rates Wednesday by an additional quarter percentage point while probably ...
Diving into the Dots: What the Fed’s Interest Rate Projections Mean
On Wednesday, the Federal Reserve updated its projections for future rate cuts, indicating that borrowing costs could be ...
Will CD interest rates rise again in 2025? Experts weigh in
However, in the second half of 2024, the Fed lowered the benchmark interest rate several times, and CD interest rates dropped ...
Fed meeting today: FOMC cuts interest rates by quarter point
Fed Chairman Jerome Powell and his colleagues will announce their decision on interest-rates and provide updates on the ...
Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at ...
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CD Interest Rates Forecast: Will CD Rates Go Up In 2024?
With more than three years of experience as a personal finance writer, Jamela Adam simplifies complex money topics to help readers become experts at managing their finances. Her work has been ...
Taiwan raises growth forecast, keeps interest rates unchanged
Taiwan's central bank held its policy interest rate unchanged on Thursday while raising its growth estimate for the year, but ...