The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Assuming inflation remains near 2%, interest rates will likely continue to trend lower. The FOMC projects a fed funds rate of ...
Now, the central bank's benchmark interest rate sits at a range of 4.50% to 4.75%. If Federal Reserve officials "stick to ...
Interested in putting some money into a CD account this November? Here's what could happen with the rates on CDs.
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Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slowAfter a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Today's widely anticipated Fed rate announcement will have a notable impact on savers. Here's what to expect for savings and ...
The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced ...
The outcome of the Monetary Policy Committee meeting was announced at midday today. Stay up to date with live reporting and ...
UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after ...
One of the UK's wealthiest people, James Dyson, has called Labour's budget "spiteful". Meanwhile, this week's Money Problem ...
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