The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more ...
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, ...
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at ...
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
To help break it all down, Select spoke with economist Michael Gapen, managing director and head of U.S. economics research at Bank of America, about how increasing interest rates can help tamp ...
The Fed’s interest rate moves affect many types of debt — including personal loans, home equity, student loans, and more. Credit card balances and the interest rates they carry are no exception.