Fed To Keep Interest Rate Near Zero For 2 Years

The Federal Reserve guaranteed super-low interest rates for two more years today— an unprecedented step to arrest the alarming decline of the stock market and the economy. Wall Street roared its approval and finished a wild day with a 429-point gain.

Topics:  federal reserve   wall street   years   interest rate   
BING NEWS:
  • Nomura expects Fed to pause rate-cut cycle in December
    The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win.
    11/17/2024 - 8:21 pm | View Link
  • Mortgage Rates Today, Nov. 18: Median Rate Rises to 6.99%
    The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.25% for a 15-year fixed-rate mortgage
    11/17/2024 - 7:17 pm | View Link
  • More
BING SEARCH:
  • Federal Reserve cuts interest rates by a quarter point
    2024 Nov 7. 4.5–4.75%. Note: From December 2008 to present, the chart reflects the midpoint of the Federal Reserve's target range. The target rate began in 1982. Shaded areas indicate recessions ...
    11/17/2024 - 3:26 pm | View Website
  • Current Federal Reserve Interest Rates as of November 16, 2024
    The current Fed interest rate is 4.50% to 4.75% as of 11/7/24. See how current Fed rates decisions & Fed rate hikes impact US interest rates.
    11/17/2024 - 9:21 am | View Website
  • United States Fed Funds Interest Rate
    United States Fed Funds Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024. The benchmark interest rate in the United States was last recorded at 4.75 percent.
    11/17/2024 - 8:31 am | View Website
  • The Fed
    The federal funds rate is the interest rate charged by banks to borrow from each other overnight. The Federal Reserve influences this rate through monetary policy decisions. Who sets the target range for the federal funds rate?
    11/16/2024 - 6:19 pm | View Website
  • Selected Interest Rates (Daily)
    As of March 1, 2016, the daily effective federal funds rate (EFFR) is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420). Prior to March 1, 2016, the EFFR was a volume-weighted mean of rates on brokered trades. 2.
    11/16/2024 - 3:20 pm | View Website
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