After likely quarter-point rate cut, Fed may slow pace of drops if inflation lingers
After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday and several times next year as inflation continues to ease.
With a Fed Rate Cut Looming Thursday, Grab This 5.50% CD Before It Disappears
Any lock on a top-paying CD is smart before the Fed makes its move this week. Rates of 5%+ are available with guarantees up to a year, but longer rate locks are wise too.
What will happen to home equity loan rates after this week's Fed rate cut?
The average home equity loan interest rate is 8.35% right now. And while that could certainly fall if the Fed issues a 25 basis point cut to the federal funds rate as expected on Thursday, it's unlikely that home equity loan rates will change dramatically once the meeting has concluded. Here are three reasons why:
Mortgage Rates Won't Drop Despite Another Fed Rate Cut. Here's Why
You shouldn't rush into a home purchase (even if rates are falling) if it doesn't make sense for your budget or lifestyle. Taking extra time to build your credit score and put aside cash for a bigger down payment will help you in the long run, while also helping you save money on your future mortgage.
Americans are probably getting another interest rate cut this week — just days after the election
It's likely that the Federal Reserve will cut interest rates by a quarter point on Thursday, closing out a busy week after the election.
Markets See Another Cut At November Fed Interest Rate Meeting
Markets expect the Federal Open Market Committee to cut interest rates again by 0.25% on November 7 with a larger cut currently viewed as unlikely.
September Fed meeting preview: How big will the Fed’s first interest rate cut be?
Previous projections from June showed that the Fed preferred a fed funds rate in a target range of 4-4.25 percent by the time the unemployment rate hit 4.2 percent. Unemployment is now there, but interest rates are still more than a percentage point higher.
US Fed To Debate Rate Cut In Shadow Of Presidential Election
The US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades.
Fed Interest Rate Cuts Are Coming After Weak October 2024 Payrolls
The October payrolls were the weakest since December 2020. With just 12,000 net new jobs added during the month, more Federal Reserve interest rate cuts are coming.
Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook
Two days after the election, the Federal Reserve will cut rates again. No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool,
Investors Bet on Quarter-Point Rate Cut as Fed Meeting Looms
The U.S. election is grabbing all the headlines on Tuesday–but it's not the only vote that could move markets this week. The Federal Reserve will end its two-day November meeting on Thursday afternoon,
Traders trim bets on Fed rate cuts in 2025 as early election results tallied
Nov 5 (Reuters) - Traders trimmed bets Tuesday on Federal Reserve interest rate cuts next year, as early tallies for the ...
How AI could help — or threaten — the Fed’s interest-rate moves
While AI can enhance capabilities, the final decisions in monetary policy should remain in human hands. The U.S. Federal ...
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Look for predictability in the Fed’s interest rate decision next week
The upcoming Fed meeting will be all about predictability, especially since it comes in the wake of the election.
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.
Muddled Jobs Data May Do Little to Alter Immediate Fed Rate Path
Hiring stalled out in October, but that happened as two hurricanes hit the country, most likely substantially affecting job ...