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2. Fed lowers interest rates with surprising jumbo half-point cut

   www.aol.com/finance/fed-lowers-interest-rates...

   In the span of just a year and a half, the Fed hiked interest rates 11 times by the fastest pace in 40 years, bringing borrowing costs to a 23-year high of 5.25-5.5 percent.

3. Here's how the Fed's rate cut today may impact your finances

   www.aol.com/heres-feds-first-rate-cut-100010725.html

   Regardless of the size, the rate cut will provide some relief to borrowers, albeit at a relatively small dose given that the current Fed funds' target stands in a range of 5.25% to 5.5%. A ...

4. Fed cuts interest rates a half point in landmark policy shift

   www.aol.com/news/federal-expected-cut-interest...

   The Federal Open Market Committee, a policymaking body at the Fed, on Wednesday forecast further interest rate cuts. By the end of 2024, interest rates will fall nearly another half of a ...

5. Best CD rates today: Outsmart today's Fed rate cut with 6 ...

   www.aol.com/finance/best-cd-rates-today-outsmart...

   At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an ...

6. The Federal Reserve is finally lowering rates. Here's what ...

   www.aol.com/federal-finally-lowering-rates-heres...

   On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. The central ...

7. The Fed rate cut: 5 ways lower rates will affect your wallet

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   1. High-yield savings accounts (HYSAs) Banks usually react to Fed rate changes by adjusting variable interest rates on high-yield savings accounts fairly quickly. When the Federal Reserve raises ...