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The Fed’s rate cuts have done nothing to bring down historically high mortgage rates. The national average rate on a 30-year fixed mortgage has been stuck above 7 percent for most of January ...
The Fed is widely expected to hold interest rates steady this Wednesday at its first policy meeting of 2024. Investors will be looking for any clues about when cuts could begin.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer ...
Blerina Uruci, chief economist at T. Rowe Price, said the tone of Powell's news conference was surprisingly “hawkish,” meaning that it seemed to favor maintaining relatively high rates. Uruci noted that Powell said the Fed's decision Wednesday to reduce its benchmark rate by a quarter-point was a “closer call,” indicating that there was ...
The Federal Reserve finally cut interest rates this week. It comes after years of aggressive inflation fighting from the central bank. While it will take time to feel the impact of the cuts, lower ...
Those projections will include an updated look at how much further Fed officials think they will reduce rates in 2025 and perhaps into 2026, an exercise that will have to account for data in the ...
Members of the Federal Open Market Committee (FOMC) are expected to leave the target for the benchmark federal funds rate unchanged at a range of 4.25% to 4.5% — which would be the central bank ...