Bankrate on MSN

What is a high-yield savings account? Definition, rates & how to choose

The gap between high-yield and traditional savings accounts has never been wider. According to Bankrate’s latest data, the ...
CBS News

What the Fed rate cut means for mortgage interest rates

For the second time in three months, the Federal Reserve issued a cut to its federal funds rate on Thursday. Now at a range between 4.50% to 4.75%, the rate is down 75 basis points from where it was ...
CBS News

Federal Reserve lowers interest rates by 0.25 percentage points in second cut of 2024

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 ...
The Motley Fool

Fed Cuts Interest Rates by 0.25 Points. Here's What It Means for Savings and CDs

The Federal Reserve just announced that it will lower the target federal funds rate by 0.25 percentage points to a range of 4.00% to 4.25%. It's a small rate cut that has been expected for months, so ...
The Motley Fool

Here's When the Fed Is Likely to Cut Interest Rates Again, and What It Means for Stocks

After soaring to a 40-year high in 2022, the rate of inflation is trending lower, which allowed the Federal Reserve to cut interest rates last year. The Fed's projections point to two more rate cuts ...
International Monetary Fund

The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Since the August 2021 SDR allocation, the SDR interest rate has risen about 390 basis points through end-June 2023. This ...
Jurist

Trump administration asks appeals court to remove Lisa Cook before interest rate vote

US President Donald Trump’s administration on Wednesday asked a federal appeals court to remove Federal Reserve Governor Lisa Cook from the central bank’s board by Monday, ahead of next week’s ...