Latest in Federal Reserve cuts interest rates for 1st time since 2020
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Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.Business - CNBC - November 1 -
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.Business - CNBC - October 16 -
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since JulyBusiness - CNBC - October 23 -
Bruins hold on for 5-3 win, Avalanche drop 4 in a row to start season for 1st time since 1998-99
David Pastrnak and Hampus Lindholm scored 13 seconds apart in the second period as the Boston Bruins beat Colorado 5-3, sending the Avalanche to their fourth straight lossSports - ABC News - October 17 -
Frankie Muniz's 1st race since landing full-time NASCAR ride spoiled by truck's mechanical problems
Frankie Muniz finished 33rd on Saturday in his first Truck Series race since the “Malcolm in the Middle” star announced he will become a full-time NASCAR racer next seasonSports - ABC News - October 26 -
Frankie Muniz's 1st NASCAR race since going full-time spoiled by mechanical problems
Frankie Muniz finished 33rd on Saturday in his first Truck Series race since the “Malcolm in the Middle” star announced he will become a full-time NASCAR racer next seasonEntertainment - ABC News - October 26 -
Paul George gets booed in his return to LA for the 1st time since leaving Clippers to join 76ers
Paul George was booed in his return to Los Angeles for the first time since leaving the Clippers last summer for the Philadelphia 76ersSports - ABC News - 5 days ago -
European Central Bank set for third interest rate cut of the year in meeting this week
Markets are eyeing two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.Business - CNBC - October 14 -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live
UK inflation drops below 2% target in September , weakening pound and raising chances of an interest rate cut in November. Today’s report shows that prices in the UK are rising a little slower than ...World - The Guardian - October 16 -
ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live
Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...World - The Guardian - October 17 -
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its targetWorld - ABC News - October 17 -
Economists see UK cutting interest rates more substantially as inflation pressures ease
Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.Business - CNBC - October 22 -
How to rethink cash as the Fed cuts interest rates, according to top financial advisors
The U.S. Federal Reserve cut interest rates in September, and more cuts are expected at least into 2025. Earnings on cash are expected to fall as well.Business - CNBC - October 23 -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts
Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...World - The Guardian - October 31 -
The Fed is expected to cut interest rates again Thursday. Here's everything you need to know
Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.Business - CNBC - 6 days ago -
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%World - ABC News - 5 days ago -
Interest rate cut expected from Fed, U.S. markets surge after Trump election win
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...Top stories - CBS News - 5 days ago -
Czech central bank cuts key interest rate to 4% as inflation stays low
The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recoveryWorld - ABC News - 5 days ago