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The Federal Reserve announced a cut to benchmark interest rates yesterday, dropping the Fed rate by 50 basis points to a range of 4.75% to 5.00% — the first time its lowered rates since March 2020.
The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation and delivers relief for ...
The Fed's first interest rate cut since March 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%. Interest rates had been at a range of 5.25% to 5.5% since July 2023, the ...
Savings rates and high-interest accounts in the news. Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the ...
Interest rates are historically high because of the Fed’s fierce post-pandemic inflation fight. In the span of just a year and a half, the Fed hiked interest rates 11 times by the fastest pace ...
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.
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