NEW YORK — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. The central bank is acting because, after imposing 11 rate hikes dating back to March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
Similar Stories to The Federal Reserve Is Finally Lowering Rates. Here’s What Consumers Should Know. on Bing News
CORA LEWIS, Chicago Tribune: Business
Wed, 09/18/2024 - 7:38pm
Topics: york the federal reserve on wednesday recent chicago more fed fed chair jerome powell but i act eventually as christine benz morningstar lower matt brannon marketwatch while matt schulz wallethub s august credit card landscape report it with greg mcbride bankrate mcbride robert frick navy federal credit union loans edmunds.com u.s june high rates jeff schuster global data i what s consumer february hiring fed the we march the fed s we but i channel lendingtree august august mcbride frick frick july finally interest cut savings cuts inflation job auto move people yields debt mortgage unemployment benchmark vehicle mortgages personal borrowing time coming offer don accounts prices doesn borrowers declined isn waiting added buyers remains pace offers solid average progress low-interest years good cash economic analyst capital preserve months important profiles direction result sidelines drop rose news policy year short-term change economist savers instruments deposit finance shouldn refinancing scores
BING NEWS:
- Mortgage Rates 2025: Predictions for Next Year
Based on the Fed's new decision, interest rates are now reduced by a quarter percentage point, moving to a range of 4.25 and 4.5 percent.
12/20/2024 - 8:00 pm | View Link - The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, they're higher. Why?
12/20/2024 - 5:52 am | View Link - The Fed Has Lowered Rates Again. Does That Mean 2025 Mortgage Rates Will Fall?
The Fed announced its third straight rate cut this week, also signaling that additional reductions are likely in 2025. What could this mean for future mortgage rates?
12/20/2024 - 5:07 am | View Link - Year ahead – What does 2025 hold for the US Dollar and Japanese Yen? [Video]
The Federal Reserve finally cut interest rates in September, but far from falling, the US dollar embarked on a fresh rally as policymakers dashed hopes of aggressive policy easing. As we head into ...
12/20/2024 - 1:28 am | View Link - Federal Reserve cuts interest rates by 0.25 percentage points, but projects fewer reductions in 2025
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
12/18/2024 - 8:10 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more