Thought the Fed’s Cut Would Push CD Rates Down? Believe It or Not, Some Are Higher Now
The best CD rates didn't just hold firm this week—some even improved. That means you can still snag as much as 5.50% for a short term or in the mid-4% range for longer.
Fed’s Goolsbee Now Sees Shallower Path for Rate Cuts Next Year
Federal Reserve Bank of Chicago President Austan Goolsbee said he adjusted his outlook for interest rates a little higher for 2025 but added he still expects borrowing costs to fall a “fair bit more” over the next 12 to 18 months.
Fed policymakers see slower rate-cut path next year
San Francisco Federal Reserve Bank President Mary Daly on Friday said the decision by the U.S. central bank to lower interest rates on Wednesday by another quarter percentage point was a "close call," adding she agreed with Chair Jerome Powell that caution is now warranted toward further policy adjustments.
The Fed Has Lowered Rates Again. Does That Mean 2025 Mortgage Rates Will Fall?
The Fed announced its third straight rate cut this week, also signaling that additional reductions are likely in 2025. What could this mean for future mortgage rates?
Today's Mortgage Rates | Rates Jumped Following This Week's Fed Cut
These are today's mortgage and refinance rates. Mortgage rates are higher following the latest Fed meeting, and they may not drop as much next year.
Fed's Daly 'Very Comfortable' With Two 2025 Rate Cuts
Federal Reserve Bank of San Francisco President Mary Daly said she is "very comfortable" with policymakers' median projection of two interest-rate cuts in 2025. Daly added, "my projection is that it will take many fewer rate cuts next year than we thought but I'll watch the economy and see if that works out.
The Fed cut interest rates but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
Fed's Hammack says economic strength argued against rate cut
Federal Reserve Bank of Cleveland President Beth Hammack said Friday she voted against the central bank’s rate cut earlier this week because economic strength and the inflation outlook argued against easing policy.
The Fed’s rate cuts were supposed to make borrowing cheaper. So why is it harder than ever to buy a house?
Most recently, right after the Fed’s decision was announced, the 30-year mortgage rate jumped 22 basis points between Tues
The Fed begins to weigh how Trump policies could fuel inflation
The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence ...
Fed Reverse Repo Facility Balances Sink Below $100 Billion
The amount of money investors park at a major Federal Reserve facility dropped below $100 billion for the first time since ...
Key Fed inflation measure shows 2.4% rate in November, lower than expected
Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, ...
The Fed’s Preferred Inflation Measure Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more ...
Exclusive: Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say
Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts ...
Powell’s Battle-Ready Fed Gives the Trump Trade a Stress Test
A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow ...
The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.
Interest-rate cuts are supposed to lower borrowing costs, but that’s not necessarily happening for credit-card users.
There's an unusual amount of policy uncertainty now, says Fmr. Fed President Eric Rosengren
Eric Rosengren, Former Boston Fed President, joins 'Closing Bell: Overtime' to discuss the Fed, PCE and the macro environment ...