The average interest rate for a 30-year fixed mortgage stands at nearly 6.7%, well above an average rate four years ago of 2.6%, Freddie Mac data shows. A small rate cut by the Fed would not ...

Right now, inflation is still hovering just above the Federal Reserve’s target and data is mixed. That’s why Fed Chair Jerome ...

Feds cut interest rate for first time since 2020. Here’s what that could mean for your wallet. 02:45 It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than ...

The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...

The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

Fed Governor Michelle Bowman was the lone dissenter, preferring a quarter-point cut. At a news conference, Fed Chair Jerome Powell acknowledged that job growth has slowed.

How the Fed's interest rate reduction will impact your finances 03:00. In making its first interest rate cut in more than four years, the Federal Reserve went big — a decision that took some ...

If the Fed cuts interest rates as the economy is heating up, the central bank risks rekindling rapid price increases. After the economic data came out last Thursday, the odds of a September ...

Analysts differ widely over the course of interest rate cuts in the next year or two. Zandi said the Fed should bring interest rates down significantly from the current target rate of between 5.25 ...

The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower.

The Fed has cut rates at nine emergency meetings in the last 30 years, which means an intra-meeting cut before September "would not be unprecedented," Pantheon noted.

Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...