The Fed Just Cut Rates. What to Do With Your Money Right Now
The Fed just cut interest rates for the first time in four years. What it means for savings, CDs, mortgages and more
The Fed cut rates today for the first time in 4 years. What does that mean for your money?
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed Cut Rates. Will Saving Account and CD Rates Plummet?
The Fed meets eight times a year to assess the health of the US economy and vote on the federal funds rate, the rate banks use to lend and borrow money. While the Fed’s decision to change rates doesn’t directly affect savings rates, changes in APYs typically follow. The changes can take several weeks or even months to take effect.
Where to Put Your Money After the Fed Rate Cut
The Federal Reserve is expected to start cutting rates Wednesday. Lower interest rates on high-yield savings accounts and money-market funds will follow, likely within days or weeks. Yields on certificates of deposit have already started dropping.
Fed goes with half-point interest rate cut. What that means.
If the Fed cuts interest rates today, borrowers will likely see interest rates ease off their peaks on things like credit cards and auto loans.
Surprise! The Fed Cut Interest Rates by Half a Point -- Here's What It Means for Your Money
The Fed announced a 50 basis point rate cut on Sept. 18, 2024, bigger than expected. See what it means for your finances and the economy.
What The Fed’s Interest Rate Cut Means For Green Energy
The Federal Reserve ’s decision Wednesday to start cutting interest rates could bolster green energy investments, which took a hit as the U.S. central bank drastically increased the cost of borrowing money over the past two years in a scramble to tamp down post-pandemic inflation.
Indonesia's Central Bank Front Runs Fed With Surprise Rate Cut
Bank Indonesia (BI) unexpectedly trimmed the benchmark rate by 25 basis points to 6.00%, its first rate cut since February 2021. Only three out of 33 economists polled by Reuters had forecast a cut, while the others had expected BI to keep rates unchanged.
Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
The Fed's Powell is cutting interest rates. Here's how the economy will respond.
Fed Chair Jerome Powell’s next steps will have enormous influence over the economy that either Kamala Harris or Donald Trump inherits in January.
How low could mortgage rates go now that the Fed has finally started cutting? Economists weigh in.
The Federal Reserve announced Wednesday that it was cutting interest rates for the first time in four years. How far will mortgage rates fall from here on out? Not so much, economists say. The central bank announced a 50-basis-point cut to its benchmark rate,
Here's Why It Pays to Move Money Out of Your Savings Account This September
But you should know that September 2024 is a good month to assess your savings and see if you can afford to move some cash ...
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Here's how the Fed's first rate cut in 4 years may impact your money
Wednesday's rate cut will "present an opportunity for consumers to take a look at their finances and save money on some of their ... That placed homebuying out of financial reach for many would ...
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The Fed just cut interest rates. How will your finances be impacted?
Financial institutions are usually slow to lower the rates they charge borrowers when the Fed begins to cut its own rate ... near-riskless money from multidecade high interest rates will likely ...
Fed Rate Cut Uncertainties Rattle Balance Sheet Outlook
An imminent shuttering of QT would represent a major shift in the outlook for the central bank balance sheet. A survey of ...