After sharply raising rates to fight inflation, the Federal Reserve is signaling it will cut rates at a more measured pace. After a larger-than-usual 0.5 percentage point cut in September, the central bank’s rate-setting committee last week cut the benchmark rate by a further 0.25 percentage point. The Federal Reserve’s benchmark federal funds rate affects … Read more
The Federal Reserve just announced another rate cut. But will it matter to nervous homebuyers waiting for mortgage rates to fall? On Thursday, at the end of its November meeting, the Fed announced a 0.25 percentage point cut to the federal funds rate, or the rate at which banks lend each other money overnight. The … Read more
Between the hurricanes and a strike by tens of thousands of Boeing workers, economists had low expectations for the October jobs report released Friday. TThe data fell short of even those low expectations, showing that the U.S. added just 12,000 jobs for the month instead of the 100,000 expected. “It was a confusing report,” said … Read more
It’s all but certain that the next move Americans see from the Federal Reserve will be a second interest rate cut. The real question is whether officials will “go big” again with another half-percentage-point reduction. The next rate decision won’t be announced until Nov. 7, but discussions are already very active about how much the … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The wait is finally over. For the first time since March 2020, the Federal Reserve has cut short-term interest rates. On Wednesday, Fed Chairman Jerome … Read more
Later this month, the Federal Open Market Committee is poised to cut interest rates for the first time since 2020. It’s a major decision that will have consequences for tons of American consumers — so you should get ready now. For context, the Federal Reserve has been on an absolute crusade to bring down inflation, … Read more
James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee, was named the dean of the Mitchell E. Daniels, Jr., School of Business at Purdue University in July 2023. Bullard talked with Global Finance magazine recently about a wide range … Read more
In the upcoming episodes of Young and the Restless on CBS, there are major shake-ups and confrontations brewing. Billy Abbott (Jason Thompson) makes a shocking move by firing Lily Winters (Christel Khalil). And this leaves fans questioning his motivations. Meanwhile, Sally Spectra (Courtney Hope) has had enough and plans to confront Adam Newman (Mark Grossman). … Read more
The Federal Reserve is widely expected to bring about a long-awaited interest rate cut during its next meeting. But just how big will that potential rate cut be? The central bank held interest rates steady in July — a move that was expected and kept rates at the 5.25% to 5.5% range. But Fed Chair … Read more
After a worse-than-expected jobs report, many economists are worried the Federal Reserve may have waited too long to cut interest rates. Just two days after the Fed announced its decision to keep rates steady for now, the U.S. Department of Labor released a disappointing July jobs report showing the unemployment rate has ticked up to … Read more