Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the personal-consumption expenditures price index, wh
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4.75% in 2023, CD rates will go down, not up.
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by economic data.
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
The Fed Is Cutting Interest Rates. But Here's Why Waiting to Refinance Your Mortgage Could Pay Off Even More
Should you refinance your mortgage in light of the Fed's rate cuts? Here's why holding off until the new year could work to your benefit.
What Mortgage Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
The last time the federal funds rate was at this level, mortgage rates were not much lower than they are now. The bigger difference since February 2023? The average home price.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports,
Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts
Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts
'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the ...
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Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market
Interest rates hit a two-decade high following the Federal Reserve's last hike in 2023. With inflation clearly trending ...
Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending ...
Fed December Interest Rate Decision Hangs On Economic Data
The Federal Open Market Committee will announce its next scheduled decision on interest rates on December 18. A rate cut is ...
Today’s 15-year mortgage interest rates drop to 6.13%, while 30-year terms fall to 6.88%
Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall ...
Today's Mortgage Rates | Rates Hold Steady as Markets Wait for More Data
These are today's mortgage and refinance rates. Strong economic data has kept mortgage rates elevated, and they might only ...
Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll
The U.S. Federal Reserve will trim interest rates next month but make shallower cuts in 2025 than expected just a month ago ...