Inflation remains stubbornly above the Federal Reserve’s 2 percent target. Yet, instead of maintaining a firm stance at its December 18 meeting, the Fed cut interest rates for the third time in three ...
Between tech busts, a financial crisis and a pandemic, not to mention periods of too little inflation and too much, the nation’s central bank has used short-term interest rates, along with other ...
According to rates monitor Moneyfacts, the average two-year fixed mortgage rate is 5.47 per cent, and the average five-year fix is 5.25 per cent. It is a significant improvement on this time last ...
In its final meeting of the year on Dec. 18, 2024, the Fed once again lowered the federal funds rate. The FOMC's 0.25% decrease is the third rate cut in this cycle of lower interest rates.