The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed ...
The Federal Reserve concluded its last meeting of the year with a widely anticipated 25 basis point cut to the federal funds rate (FFR), bringing it to a range of 3.50-3.75%. Inflation has proven ...
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Fed rate cuts bring real savings, but savers get squeezed
Lower interest rates are finally showing up as real relief for borrowers, trimming monthly payments on everything from credit ...
Here’s how the central bank’s latest cut will affect loans, savings accounts and investments—and what financial moves to consider Written By Written by Staff Money Writer, WSJ | Buy Side Molly Grace ...
Rates for 30-year mortgages have been drifting lower and now sit near their lowest level in 14 months. Though the Fed is widely expected to cut its benchmark rate next week, that’s no guarantee of ...
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