A split Fed cuts interest rates
Digest more
9hon MSN
New Fed rate cuts have lowered home equity borrowing costs. Here's how much a $100,000 home equity loan costs now.
The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.
Jerome Powell has concluded his news conference following the announcement that the Federal Reserve will cut the country's key lending rate by a quarter point. This is the third reduction this year brings the key interest rate to 3.50% to 3.75%. Powell affirms the Fed's commitment to keeping inflation low and near the Fed's target.
Latin American currencies climbed on Thursday and were on track for their strongest session in nearly two months as the dollar weakened following an interest rate cut by the Federal Reserve.
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
The 10-year Treasury yield gets nowhere near the attention stocks do, but it can be a very important indicator.
Inflation remains above the Fed’s 2% target and Chair Jerome Powell signaled there is unease within the central bank about lowering rates too quickly. But the White House has leaned hard into rate