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The Fed has now cut interest rates three times since September due to a decline in the rate of inflation and some modest weakness in the jobs market. ... rates three times since September due to a ...
Meanwhile, jobless claims data on Thursday, showed weekly claims dropped to their lowest since May, falling to 217,000 last week. That marks a 4,000 decline from the week prior. Here's what else ...
Top rates on certificates of deposit dropped from nearly 6% in the summer of 2024, to below 5% in January 2025. Those rates will likely continue to come down as the Fed rates drop back to normal ...
There is no concrete sign of an economic downturn in the U.S. right now, but since the 1960s, almost every rate hiking cycle has been followed by a recession. Periods of high interest rates can ...
U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September. The S ...
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 Dow jumped 700 points and the Nasdaq gained more than 2% as investors cheered encouraging inflation data and a strong start to earnings season.
Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down from 66% a week ago, according to ...