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2. The Fed just cut interest rates. Time to tap your home equity?

   www.aol.com/finance/fed-just-cut-interest-rates...

   Savings interest rates today: Highest yields at 5.50% APY as Fed set to announce rate cuts — Sept. 18, 2024 AOL Today’s Fed rate cut: 5 ways lower rates will affect your wallet

3. 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.

4. Fed cuts interest rates by half point for first time in years ...

   www.aol.com/fed-cuts-interest-rates-half...

   The Federal Reserve has broken a four-year run and cut its benchmark interest rate by half a percentage point to 4.75-5.0 percent.. This significant move signals that the US central bank believes ...

5. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   The federal funds rate is an important benchmark in financial markets [1] [2] and central to the conduct of monetary policy in the United States as it influences a wide range of market interest rates. [3] The effective federal funds rate (EFFR) is calculated as the effective median interest rate of overnight federal funds transactions during ...

6. Fed goes big with interest rate cut in a bid to head off an ...

   www.aol.com/news/fed-expected-lower-interest...

   The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023.

7. Federal Open Market Committee - Wikipedia

   en.wikipedia.org/wiki/Federal_Open_Market_Committee

   The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed) that is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). [1] This Federal Reserve committee makes key decisions about interest rates and ...

8. History of Federal Open Market Committee actions - Wikipedia

   en.wikipedia.org/wiki/History_of_Federal_Open...

   The Federal Open Market Committee action known as Operation Twist (named for the twist dance craze of the time [1]) began in 1961. The intent was to flatten the yield curve in order to promote capital inflows and strengthen the dollar. The Fed utilized open market operations to shorten the maturity of public debt in the open market.

9. Savings interest rates today: Last call on yields of up to 5. ...

   www.aol.com/finance/savings-interest-rates-today...

   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 ...