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What to know about the interest rate cut expected from the Federal Reserve

Another interest rate cut is expected to be announced Thursday afternoon by Federal Reserve Chair Jerome Powell. CBS News business analyst Jill Schlesinger has more details.

Why mortgage rates could be heading to 8%, despite a Fed cut

The 30-year rate inched up for the sixth week in a row ahead of an expected interest-rate cut by the Federal Reserve.

Business - MarketWatch - 6 days ago

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

World - ABC News - November 7

New Interest Rate Cut Comes Amid Post-Election Economic Uncertainty

Trump’s proposed economic policies, particularly tariffs, are anticipated to push inflation up, making the Federal Reserve’s planned series of cuts much less certain.

Business - Inc. - 6 days ago

What the Fed rate cut means for mortgage interest rates

Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.

How to trade the post-election, post-rate-cut melt-up

Stocks are set to rally further — but the bond market doesn’t like what it sees.

Business - MarketWatch - 5 days ago

US central bank boss says Trump can't fire him

The US central bank cuts interest rates, as its chairman vows to stay on the job.

Powell: Fed won't 'speculate' about Trump's impact on economy

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...

Politics - The Hill - 6 days ago

Federal Reserve cuts interest rate for second time in 2024

The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News ...

Rory McIlroy to dramatically cut down schedule after deploying swing tweaks

Rory McIlroy intends to take an axe to his 2025 schedule and the bad news for the PGA Tour is that the world No 3 may skip not only one of the $20 million ‘Signature Events’ but also the opening ...

Sports - Yahoo Sports - 6 days ago

Facing Post-Election Concerns, Federal Reserve Cuts Rate by Quarter-Point

After Donald Trump’s election win, the Federal Reserve cut its benchmark interest rate to about 4.6 percent.