5 weeks after the Fed cut rates, banks still want your cash — and they're paying to get more of it
The Fed cut rates five weeks ago, but banks are still paying high interest rates on high-yield savings accounts and combo checking/savings offers.
Fed policymakers call for 'gradual' rate cuts
The remarks -- from Kansas City Fed President Jeffrey Schmid, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan -- feed into what's expected to be a broad debate of the appropriate path for policy at the Fed's upcoming policy meeting,
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
CPI for September: Inflation higher than expected. Fed rate cuts still seen as likely.
Somewhat higher core inflation and a strong September jobs report have raised questions among investors about whether the Fed will cut rates again next month. Social Security’s cost-of-living adjustment will be 2.5% in 2025, down from the 3.2% seen in 2024, the Social Security Administration said on Thursday.
The surprising reason mortgage rates are up despite interest rate cuts
Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are expected to stabilize or even fall due to her proposed home-b
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Apollo’s Slok Sees Rising Chance Fed Will Hold Rates in November
The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy ...
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Dollar Rallies as Hawkish Fed Comments Push T-note Yields Higher
The dollar index (DXY00) on Monday rose by +0.50% and posted a 2-1/2 month high. The dollar found support Monday from higher ...
Today's Best Savings Accounts Pay Up to 5.50%—Almost a 20-Year High
The best savings accounts on the market pay 5% or better—offering the highest rates in two decades. Start earning a great ...
Interest Rates Just Did Something They Haven't Done Since March 2020, and It Could Foreshadow a Big Move in the Stock Market
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Q4 2024 Fixed Income Perspectives
The Fed initiated its rate-cut cycle in September, while the European Central Bank and the Bank of England are taking a more ...
Japanese Yen Forecast: Will USD/JPY Break 147.5 Amid BoJ Rate Hike Speculation?
Fed and BoJ policies remain key for USD/JPY as investors weigh US jobs data, FOMC minutes, and Japan’s economic recovery for ...
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed ...
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Federal Funds Rate History 1990 to 2024
Understanding why the Federal Open Market Committee (FOMC) raised the fed funds target rate in 1994 can provide insight into why it might be doing something similar today. Forbes Advisor has ...