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1. Boost your interest income with a high-yield savings account. While the Fed is likely to cut interest rates soon, there’s still time to maximize the passive income you earn by opening a high ...
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.
The Federal Reserve shook things up today by cutting its federal funds rate by a half point for the first time since March 2020. This change isn’t just dry economics news — it has a real ...
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 ...
And, if the Fed pursues a larger cut, the stock market could rise further from record highs it’s been setting this week – impacting the retirement accounts of Americans with 401(k) plans and ...
Federal reserve cuts interest rates by 0.5%. 04:17. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to ...
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