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The Fed has mostly tamed the inflation surge from 2022, which is why it was cutting the federal funds rate (the overnight interest rate it charges banks) at the end of 2024.
“Bad news” cuts occur if the Fed reduces rates out of concern that the economy is slowing, while “good news” reductions are those that reflect a sense by the Fed that inflation is ...
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
Auto loans reflect lower rates. The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed through to auto loans, which fell on ...
And after Powell's cautious remarks Thursday, traders estimated the likelihood of a Fed rate cut in December at just below 59%, down from 83% a day earlier.
After the Fed's three rate cuts in 2024, many online banks lowered their rates. For example, Wealthfront dropped its APY from 4.25% to 4.00%, while SoFi reduced its savings yield from 4.00% to 3.80%.
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 ...
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 ...