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The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025. Fed lowers rates by 0.25 percentage point, but expects fewer ...
The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts.
Thursday’s Fed rate cut reduced its benchmark rate to about 4.6%, down from a four-decade high of 5.3%. The Fed had kept its rate that high for more than a year to fight the worst inflation ...
The Fed rate cuts made since September have "notably reduced the restrictiveness of monetary policy," she added. The Fed has now lowered short-term rates by a full percentage point to a range of 4 ...
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to ...
Fed officials penciled a median estimate of two more smaller rate cuts for the remainder of this year. Fed officials will meet again on Nov. 6-7, and traders are currently betting on a 25 basis ...