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Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
Here's what to know about Thursday's Fed meeting. What time is the Fed rate decision? The Fed announced its decision at 2 p.m. ET on Nov. 7. That was followed by a press conference with Fed Chair ...
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
The national average rate on a 30-year fixed mortgage has been stuck above 7 percent for most of January, rising 86 basis points since the Fed’s first rate cut in September. Future rate cuts ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
That was the big debate among economists ahead of Wednesday's announcement, with some predicting that the Fed would shave its benchmark rate by 0.25 percentage points — the Fed's standard ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 97% chance the Fed will cut rates by a quarter percentage point to a range of 4.25% to 4.50% at its ...
The Fed makes its next rate announcement on Jan. 29. ... The Fed raised rates 11 times until the latter half of 2023. ... Korz said although today’s Fed announcement and press conference isn’t ...