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

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

    Today, they’re hovering around 6.2 percent — a two-year low and a rapid drop as lenders adjust to the reality of lower interest rates. A 6.2 percent mortgage rate is even lower than the 6.6 ...

  3. What will a US interest rate cut mean for me? - AOL

    www.aol.com/us-interest-rate-cut-mean-191638841.html

    In 2022, when the Fed started raising interest rates, officials were focussed on inflation and wanted to get consumer prices, then rising at the fastest pace since the 1980s, to stabilise.

  4. Reaganomics - Wikipedia

    en.wikipedia.org/wiki/Reaganomics

    The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, in part because the Federal Reserve increased interest rates (prime rate peaking at 20.5% in August 1981 [50]). [ 51 ] [ 52 ] The latter contributed to a recession from July 1981 to November 1982 during which unemployment rose to 9.7% and GDP fell by 1.9%.

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

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

    Yahia Barakah. Updated September 18, 2024 at 2:09 PM. The Fed rate cut: 5 ways lower rates will affect your wallet (Manuel Augusto Moreno via Getty Images) The Federal Reserve shook things up this ...

  6. U.S. economic performance by presidential party - Wikipedia

    en.wikipedia.org/wiki/U.S._economic_performance...

    The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. [1] [2] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents. [3]

  7. Taylor rule - Wikipedia

    en.wikipedia.org/wiki/Taylor_rule

    The inflation rate was high and increasing, while interest rates were kept low. [6] Since the mid-1970s monetary targets have been used in many countries as a means to target inflation. [7] However, in the 2000s the actual interest rate in advanced economies, notably in the US, was kept below the value suggested by the Taylor rule. [8]

  8. How to prepare your finances for lower interest rates (and 4 ...

    www.aol.com/finance/financial-steps-fed-rate-cut...

    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 ...

  9. Inflation targeting - Wikipedia

    en.wikipedia.org/wiki/Inflation_targeting

    Inflation targeting. In macroeconomics, inflation targeting is a monetary policy where a central bank follows an explicit target for the inflation rate for the medium-term and announces this inflation target to the public. The assumption is that the best that monetary policy can do to support long-term growth of the economy is to maintain price ...