Interest Rates Are Too High. The Fed Should Cut by a Half Point.
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CBS News - Top stories
Fed cuts interest rates, what happens now?
The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you.36 minutes ago - Federal Reserve -
CNBC - Business
Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point
Cryptocurrencies rose during a broad market rally Thursday, one day after the Federal Reserve delivered a large interest rate cut.1 hour ago - Crypto -
The New York Times - Business
What Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
Here’s what the half-point interest rate cut will mean for your car loans, credit cards, mortgages, savings and student loans.2 hours ago - Federal Reserve -
MarketWatch - Business
Car buyers face a stubborn problem that Fed interest-rate cuts can’t solve: record-high prices
The Federal Reserve’s long-awaited interest-rate cut is finally here, but prospective car buyers hoping it will bring down the cost of loans shouldn’t hold their breath, experts say.2 hours ago - Federal Reserve -
Financial Times - World
FirstFT: Fed easing cycle begins as focus moves to protecting jobs
Also in today’s newsletter, Hizbollah reels after twin attacks, and JPMorgan appoints ‘wellbeing’ tsar3 hours ago -
MarketWatch - Business
After Fed’s 50-basis-point rate cut, where should I invest $50,000? I’m 38 — and have a high risk tolerance.
The U.S. Federal Reserve made its biggest cut to the benchmark rate in 16 years on Wednesday.7 hours ago -
Financial Times - Business
Fed cuts rates by half a point and signals era of easing has begun
US central bank’s decision marks milestone in two-year fight against inflation8 hours ago - Federal Reserve -
CNBC - Business
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.13 hours ago - Federal Reserve -
Financial Times - World
Trump says half-point rate cut shows US economy is ‘very bad’
Former president adds that central bank could be ‘playing politics’ as it reduces interest rates ahead of election15 hours ago - Donald Trump -
MarketWatch - Business
This part of the Treasury market may move the most on a Fed interest-rate cut
Wednesday’s interest-rate decision from the Federal Reserve is shaping up to become one of the most exciting announcements by the central bank in a long time, with the potential to reshape what’s ...16 hours ago -
MarketWatch - Business
The size of the Fed’s interest-rate cut doesn’t matter as much for your wallet as this other key decision
The Federal Reserve opted for a bold 50-basis-point cut Wednesday. It might only save you “a couple of bucks” — for now.16 hours ago -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...17 hours ago - Federal Reserve -
CNBC - Business
The Fed forecasts lowering rates by another half point before the year is out
The so-called dot plot indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.18 hours ago - Federal Reserve -
ABC News - Top stories
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.18 hours ago - Federal Reserve -
CNBC - Business
The Federal Reserve just cut interest rates by a half point. Here's what that means for your wallet
The first rate cut in years will affect many types of consumer products. Here's what it means for credit cards, mortgage rates, auto loans and savings accounts.18 hours ago - Federal Reserve -
Inc. - Business
The Federal Reserve cut interest rates by a half point. Here's what that could mean for business owners
Don't expect to see a big boost consumer spending right away, say experts.19 hours ago - Federal Reserve -
MarketWatch - Business
HELOC demand from homeowners surges ahead of Fed interest-rate cut
Mortgage lenders are reporting an uptick in interest from homeowners looking for ways to extract equity from their houses through home-equity lines of credit as mortgage rates are poised to fall.19 hours ago - Federal Reserve -
CBS News - Top stories
Federal Reserve cuts interest rates by 0.50 percentage points
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill ...19 hours ago - Federal Reserve -
CNBC - Business
Despite the Fed's first interest rate cut in years, it may be too soon to refinance your mortgage. Here's why
The Federal Reserve just made its first interest rate cut, which can influence mortgage rates. But it still may be too soon to refinance your mortgage.19 hours ago -
The Hill - Politics
Emboldened Fed lowers interest rates by half-point
The Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank’s first rate reduction following a two-and-a-half year crusade against inflation that raged in the wake of the ...19 hours ago - Federal Reserve -
CBS News - Top stories
Fed likely to cut interest rates, but size of cut unclear
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.22 hours ago - Federal Reserve -
MarketWatch - Business
We have $1 million in high-yield savings and CDs set aside to buy a house. Should we move our money if the Fed cuts rates?
We have a lot of cash on hand for a specific purpose, but we won’t be able to live off the income if interest rates drop.22 hours ago -
MarketWatch - Business
Inflation hangs over the Fed as it prepares to cut interest rates
The challenge: Keep interest rates low enough for the U.S. economy to expand, but not so low as to overheat labor markets.23 hours ago - Federal Reserve -
CBS News - Top stories
Fed expected to cut benchmark interest rate, providing relief to consumers
Senior business and tech correspondent Jo Ling Kent explains what to expect from the Federal Reserve's anticipated rate cut and what it could mean for your finances.Yesterday - Federal Reserve -
MarketWatch - Business
Here are the pros and cons if the Fed cuts interest rates by 50 basis points instead of 25
Yardeni: Consumers would welcome a large interest-rate cut, but the Fed’s first step should be small.Yesterday - Federal Reserve -
The New York Times - Business
Wall Street Expects Half-Point Fed Rate Cut
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.Yesterday - Federal Reserve -
MarketWatch - Business
Make this last-minute money move before the Fed’s interest-rate cut
Plus, tips for how savers and spenders can prep for the first interest-rate cut since 2020Yesterday -
MarketWatch - Business
The Fed should ignore Elizabeth Warren’s call to cut rates by 0.75 percentage points
Fed Chair Jerome Powell has managed to bring inflation back under control — after some early mistakes — by ignoring the easy-money caucus in Washington and Wall Street.Yesterday - Federal Reserve -
MarketWatch - Business
A possible Fed interest-rate cut boosts home builders confidence
Builder sentiment rose as mortgage rates fell, the National Association of Home Builders said.Yesterday - Federal Reserve -
CNBC - Business
Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year, Kaplan told CNBC.Yesterday - Federal Reserve -
The New York Times - Business
How the Fed Cutting Interest Rates Affects Stocks, Banks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.2 days ago - Federal Reserve