On Sept. 18, 2024, the Federal Reserve cut rates for the first time in over four years, lowering the target federal funds range by half a percentage point, or 50 basis points, to 4.75% to 5.00%.

(Photo by Win McNamee/Getty Images) Interest rates are expected to move lower in 2025. The question is: How much lower? There are two motivations for the Federal Open Market Committee to cut rates.

A potential budget shortfall at Mid Devon District Council has almost halved ... extra income from possible council tax and business rate increases, as well as make money from garden waste ...

In the early 2000s, markets were just recovering from the dot-com bubble burst. “The Fed cut rates to stimulate the economy, so we saw savings account rates drop well below a 2% rate for several ...

So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep the US economy ...

The Federal Reserve appears to be gearing up for a September rate cut. A century worth of rate-cut history shows it’s good ...

Delmaine Donson / Getty Images While the Fed rate cuts don’t directly affect mortgage rates, changes to the federal funds rate and mortgage rates are both responses to related economic indicators.

The Federal Reserve announced a policy decision to cut interest rates by 0.5% on September 18. This decision was accompanied by FOMC member forecasts, which reflect expectations of additional Fed ...

the average 30-year fixed mortgage rate has jumped about 47 basis points since the Fed rate cut in September to right around 6.62%. Experts say a few reasons for this increase are the 10-year ...

On Oct. 1, 100% of interest rate traders are betting that the Fed will make its second rate cut of 2024 of at least 25 basis points at its next meeting on Nov. 7, 36% of which are expecting a cut ...

Consumer prices rose slightly in September as the Federal Reserve prepared to cut interest rates and ease off the brakes of the U.S. economy. The consumer price index, a closely watched gauge of ...

After waiting years for interest rate cuts from the Federal Reserve, in the hopes that they would aid in lowering mortgage rates, homebuyers are now facing even higher mortgage rates. This comes ...