Several banks are still paying close to 5% for your cash, one month after the Fed cut rates
One month ago, the Federal Reserve cut its interest rates, lowering bank account rates. Find out how you can still earn a good rate for your savings.
Fed cuts interest rates again — why you should refinance debt now
The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by a full percentage point—the second rate cut in two weeks and the largest in Fed history.
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.
If the Fed Cut Rates, Why Have Mortgage Rates Been Going Up?
Mortgage rates dropped before the Fed’s last meeting, and have risen more than 50 basis points since. If you’re wondering why, you’ll need to look at the 10-year Treasury bond yield.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Economist sees room for doubt about Fed cutting rates again in November
Surprisingly strong retail-sales data released Thursday could dim the odds of a Federal Reserve rate cut at the central bank's November meeting, according to Nationwide chief economist Kathy Bostjancic.
Fed's Williams says appropriate again to cut rates 'over time', FT reports
Federal Reserve Bank of New York President John Williams said that it will be appropriate again for the central bank to reduce rates 'over time,' after September's big half percentage point rate cut,
The Fed Just Cut Rates -- but You Might Be Surprised by How Much CDs Are Still Paying
The Federal Reserve made a rather aggressive interest rate cut in September. But it hasn't impacted CDs as much as you might think. Learn more here.
The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut
Strong economic data and a still-hot economy has made some experts wonder whether the central bank made the right call with its jumbo rate cut.
Traders See Quarter-Point Fed Cut as Virtual Lock for November
Market pricing for the next Federal Reserve move on interest rates has changed dramatically over the past month. Just a few ...
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The Fed Just Cut Rates. Here's What You Should Do if You're in Your 30s
The Fed's decision to lower its benchmark rate by 0.50 percentage points now trickles down to the rest of us, influencing ...
Chicago Fed president sees rates falling at 'gradual pace' despite hot jobs, inflation
Chicago Fed president Austan Goolsbee says one month of strong jobs and inflation data won't keep the Fed from cutting rates ...
The Fed’s cutting rates. Here are three yield-curve scenarios, and what they’d mean for the stock market.
Tan Kai Xian, an analyst at financial research service Gavekal, says there are three scenarios for the yield curve, and for ...
Interest Rates and the Fed: What Economists Expect for the Rest of 2024
That is where economists see short-term interest rates by the end of this year, implying two further, quarter-point cuts by ...
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Best CD Rates Today, Oct. 21, 2024: Last Call for APYs Up to 4.75%?
Today's best CDs offer APYs as high as 4.75%. APYs have fallen since the Fed's September rate cut, and they're likely to keep ...
Fed's Bostic says he is in no rush to get rates down to neutral
Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation ...
Why The Fed Matters More Than The President For Businesses
The Federal Reserve (the Fed), an independent agency of the United States government, wields immense power over the nation's ...