Tag: rates

Fed cuts interest rates amid questions over independence during next Trump administration

Fed cuts interest rates amid questions over independence during next Trump administration

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Jeanna Smialek: Yes, so there are a couple of things happening here. One of them is that mortgage rates really turn on what the Fed is expected to do, so not so much what it is doing, but what it what it is expected to do next. And what we have seen in recent weeks […]

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Federal Reserve lowers interest rates by 0.25 percentage points in second cut of 2024

Federal Reserve lowers interest rates by 0.25 percentage points in second cut of 2024

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The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs.  The Fed cut, half the size of its September reduction, lowers […]

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