The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.

The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers ...

The Federal Reserve has at last cut interest rates but our columnist points out a host of concerns that could weigh on ...

The central bank’s decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out ...

The Fed meets eight times a year to assess the health of the US economy and vote on the federal funds rate, the rate banks ...

Federal Reserve Chair Jerome Powell had one big job on Wednesday which was to convince market participants that a 50 basis-point rate cut is consistent with a "thoughtful policy adjustment" rather ...

See Interest Rates Over the Last 100 Years. Find out how history affects today's rates and what it means for you.

As of September 19, 2024, the prime rate is 8.00%. Following a rate cut during the Federal Reserve's September meeting, the prime rate declined from 8.50% to 8.00% on the subsequent day.

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Rates on money market accounts steadily increased throughout last year, but they’re likely to start declining at the end of 2024. In September 2024, the Federal Reserve cut rates for the first ...

However, our opinions are our own. See how we rate banking products to write unbiased product reviews. The best 18-month CD rate is 4.75% APY from LendingClub and Northern Bank Direct. If you are ...