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1 day ago · Updated 11:12 AM PDT, September 18, 2024. NEW YORK (AP) — 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 ...
1 day ago · Feds cut interest rate for first time since 2020. Here’s what that could mean for your wallet. 02:45 It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than ...
19 hours ago · Outside of their stock portfolios, investors could see a mixed bag if rates keep falling. Rates on auto loans, credit cards, and potentially mortgages could follow the Fed’s lead, making it a ...
1 day ago · The Federal Reserve cut its influential federal fund rates by 50 bps today. This is the first cut to the central bank's key interest rate since 2020. With the rate cut, borrowing costs for all ...
1 day ago · Let’s say you have an $8,000 credit card debt you’re working on paying off. You’ll be charged roughly $136.50 monthly in interest with the 20.76% rate. At your new 20.26% rate, you’ll be ...
1 day ago · The Fed’s rate-setting committee lowered the federal funds rate Wednesday from 5.25% to 5.5% down to 4.75% to 5%, a 50 basis point reduction that sat on the high end of consensus estimates. The ...
2 days ago · Dan Avery. After more than a year of keeping the federal funds rate steady, the Fed on Wednesday made a much-anticipated cut of 50 basis points — or half a percentage point. The adjustment ...
