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 set to cut interest rates again, but why are mortgage rates still going up?
A robust U.S. economy is insulating mortgage rate changes from their usual connection with Federal Reserve adjustments to its benchmark interest rate.
Fed cuts interest rates by quarter point
The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.
Fed Cuts Interest Rates For Second Time In 2024
In a move that was widely anticipated, the Federal Reserve has cut the federal funds rate by 0.25 percentage points, to a new target range of 4.50% to 4.75%. Thursday’s rate cut comes after the Fed cut interest rates for the first time in four years back in September,
Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.
Inflation rises 2.6% in October after Fed starts interest rate cuts
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
CPI Inflation Was 2.6% In October—Rises For First Time Since March
Consumer prices have jumped more than 20% since Dec. 2020, working out to over 5% annualized inflation under the Biden administration.
October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain
After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index (CPI), reversed course in October, climbing to 2.6% as expected. This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist,
US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts
US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.
USA TODAY on MSN5d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Fox Business on MSN6d
Fed set to announce latest interest rate move in wake of Trump's election win
The Federal Reserve will announce its next interest rate move on Thursday in the wake of the U.S. election, with markets ...
Trump has promised lower interest rates. That will be largely out of his control
While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a ...
The Associated Press on MSN6d
Federal Reserve is set to cut interest rates again as post-election uncertainty grows
The Fed’s future moves are now more uncertain in the aftermath of the election, given that Trump’s economic proposals have ...
Understanding The Future Direction Of Mortgage Rates
To better understand the future direction of mortgage rates, we need to understand what factors influence them.
KSL6d
The Fed is set to cut interest rates again, but mortgage rates are still going up. Here's why
The Federal Reserve cut interest rates, yet U.S. mortgage rates rose to ... down from the state's all-time high of $575,000 set in May 2022, but well over the current national median price ...
The Associated Press on MSN10d
Federal Reserve is set to cut rates again while facing a hazy post-election outlook
the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved ...
US Consumer Inflation Picks Up To 2.6% In October
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest ...