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The average interest rate for a 30-year fixed mortgage stands at nearly 6.7%, well above an average rate four years ago of 2.6%, Freddie Mac data shows. A small rate cut by the Fed would not ...
Inflation and news that the Fed might increase rates more than expected sent the S&P 500 officially into bear market territory earlier this week, with the index falling more than 20% from its peak ...
Fed rate cuts are already over after they barely started as blowout jobs report shifts focus to hikes, BofA says ... when the Fed cut rates for the first time since 2020, kicking off what was ...
The Federal Reserve is expected today to raise short-term interest rates by 0.25%, marking the central bank's first substantial move to quell high inflation as prices rise at paces not seen in ...
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed ...
The Fed is expected to hold rates steady this week. Wall Street will be watching for any signs that the most aggressive rate-hiking campaign since the 1980s is now over.
The Fed began lifting rates back in 2022 to calm raging inflation and since has lifted the benchmark rate 11 times, leaving it at 5.5% today. That's the highest level in more than 20 years.