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With Biden's potential reelection on the horizon, economists are closely watching how a second term could impact interest rates across the economy. From the housing market to big initiatives like...
The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week. Chair Jerome Powell also affirmed his commitment to serve out his ...
Election year rate cuts are not unheard of but are relatively unusual. The most recent occurred in 2020, when, with Trump as president the Powell Fed cut rates to near zero in response to the ...
Stocks tumbled on Friday as the post-election rally fizzled and investors fretted over the path of interest rates. The Dow Jones Industrial Averag e lost 305.87 points, or 0.70%, to end at 43,444. ...
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
A quarter-point cut would bring the federal funds rate down to a range of 4.5% to 4.75%. The short-term federal funds rate is the interest rate used for overnight loans among banks but it plays a ...
Nobody knows for sure where interest rates will head next. But here's what the policymakers and stock market are telling us. Here Are the Latest Interest Rate Predictions for 2024 -- And What They ...
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong ...