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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 ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances. ... of the September 18 rate decision, partly due to anticipation of ...
Fed officials in December signaled that they expected to reduce rates just twice this year. But the 19-member committee that makes interest rate decisions is clearly divided.
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 ...
Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.
Yet as expected, the Fed hit pause on any further changes to the Fed rate this week at its first policy meeting of the new year, leaving its key interest rate at a range of 4.25% to 4.50%.