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2. Fed goes big with interest rate cut in a bid to head off an ...

   www.aol.com/news/fed-expected-lower-interest...

   The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023.

3. What impact will the Federal Reserve's rate cut have on stocks?

   www.aol.com/impact-federal-reserves-rate-cut...

   The decision by the Federal Reserve's policy-setting committee to cut interest rates for the first time since 2020 was prefaced by an unusual amount of market uncertainty as to how much the Fed ...

4. US borrowers get quick relief as Fed cuts rates - AOL

   www.aol.com/news/us-borrowers-quick-relief-fed...

   NEW YORK (Reuters) -U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years.

5. The Fed rate cut: 5 ways lower rates will affect your wallet

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   30-Year Fixed Rate Mortgage Average in the United States, Federal Reserve Bank of St. Louis. Accessed on September 17, 2024. Accessed on September 17, 2024. Historical prime rate , J.P. Morgan Chase.

6. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   The Federal Reserve adjusts its administratively set interest rates, mainly the interest on reserve balances (IORB), to bring the effective rate into the target range. The target range is chosen to influence market interest rates generally and in turn ultimately the level of activity, employment and inflation in the U.S. economy. [3]

7. Savings interest rates today: Last call on yields of up to 5. ...

   www.aol.com/finance/savings-interest-rates-today...

   At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an ...

8. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The Wall Street Journal Prime Rate (WSJ Prime Rate) is a measure of the U.S. prime rate, defined by The Wall Street Journal (WSJ) as "the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks". It is not the "best" rate offered by banks. It should not be confused with the discount rate set by the Federal Reserve ...

9. Wall St jumps with tech stocks in the lead after Fed kicks ...

   www.aol.com/news/fed-rate-cut-boosts-futures...

   Bank of America and Wells Fargo advanced over 1% each after the big banks lowered their respective prime rates. Citigroup also rose 1.9%, sending the broader banks index 0.8% higher.