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The Fed’s interest rate decision: What it means for you ... Savings interest rates today: Best accounts still paying out up to 5.50% APY after half-point Fed cut — Sept. 19, 2024. AOL.
The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation and delivers relief for ...
The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023.
Interest Rates Are Set To Be Cut It’s almost certain the Federal Reserve will cut the fed funds rate from the current 5.25%-5.5% level. ... Alongside the rate decision, the Fed will release its ...
The Fed will announce its next monetary policy decision on Wednesday. Markets are largely split on whether the central bank will cut rates by 25 basis points to a range of 5% to 5.25% or by 50 ...
At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an ...
Federal funds rate vs unemployment rate. In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve.
US indexes edged higher as investors waited for a likely interest rate cut from the Fed. The central bank will wrap up its policy meeting at 2 p.m. ET, with markets pricing in a 50 basis point move.