It would be the third cut in a row and bring the Fed’s key rate to about 3.6%, the lowest in nearly three years.
Read More Federal Reserve likely to cut rates, may signal just one more reduction next year
Tag: Fed
What a Federal Reserve rate cut means for your finances
The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.
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La Reserva Federal recorta las tasas de interés y sugiere más reducciones en el futuro
La Reserva Federal anunció el martes una reducción de un cuarto de punto porcentual en su tasa de interés clave, reduciéndola a un rango de entre el 4.00 % y el 4.25 %. Esto marca el primer recorte de tasas desde diciembre del año pasado.
Read More La Reserva Federal recorta las tasas de interés y sugiere más reducciones en el futuro
Trump admin now weighing 11 possible picks for Fed Chair position, officials say
The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose term ends in May, including three contenders not previously disclosed — according to two administration officials who spoke on condition of anonymity.
Read More Trump admin now weighing 11 possible picks for Fed Chair position, officials say
Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
Report: Mortgage Rates Surpass 7% For First Time Since May
According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.
Read More Report: Mortgage Rates Surpass 7% For First Time Since May