What you should know after the Fed cut rates | AP News
WEB2 days ago · NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
A consumer financial guide on what to do as the Fed rate cut takes effect
WEB1 day ago · On top of stubborn food and energy costs, credit card debt is at a record $1.14 trillion, with the average balance per consumer standing at $6,329, up 4.8% year over year. Last quarter, the U.S ...
The Federal Reserve cuts interest rates for first time since 2020
WEB2 days ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022. “We’re ...
The Fed cut rates for the first time in 4 years. What does that …
WEB4 days ago · Feds cut interest rate for first time since 2020. Here’s what that could mean for your wallet. 02:45 It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than ...
The Fed just announced a jumbo-sized interest rate cut
WEB2 days ago · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from ...
Federal Reserve goes big with half-point interest rate cut, its first ...
WEB3 days ago · 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. The central bank also said it ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 days ago · By Karl Russell. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they ...
Fed Announces Big Rate Cut - The New York Times
WEB3 days ago · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision ...
How the Fed Cutting Interest Rates Affects Stocks, Banks and …
WEB4 days ago · Fed officials are expected to cut rates by a quarter or a half a percentage point at this week’s meeting. In practice, according to analysts, the reason rates are being lowered matters more than ...
The Fed is finally about to cut interest rates. What took so long?
WEB5 days ago · Washington CNN — It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for...