the Fed's rate cut impacts mortgage rates
Digest more
Federal Reserve Chair Jerome Powell said the central bank will cut interest rates by a quarter point, following rising inflation and slow job growth.
Fed Chair Jerome Powell will face reporters today in what may be the most politically charged moment of his carer
The cut could lead to lower rates for short-term loans but mortgage rates are less affected by the cut, experts said.
The Federal Reserve is widely expected to announce its first interest rate cut since December 2024 after its two-day meeting wraps Sept. 17.
The Federal Reserve cut rates by 25 basis points to 4.00%-4.25%, citing labor market risks despite rising inflation. Click for more information on Market Outlook.
Veronica Clark, Citi economist, and Mark Vitner, Piedmont Crescent Capital chief economist, join 'Squawk Box' to preview the Fed's interest rate decision today, what to expect from the central bank, state of the economy,
Despite a spike in “Fed rate cut” searches, Bitcoin, XRP trade softer into the FOMC. Search interest around the Federal Reserve surged in the United States on Sept. 17, with “Fed rate cut” touching 100 on Google Trends during the final hours before the policy announcement.
The Federal Reserve lowered interest rates today by a quarter of a percentage point. The central bank’s chair, Jerome Powell, described the decision as a “risk management” move to preemptively shore up the economy, rather than wait for a downturn.
New Federal Reserve Governor Stephen Miran on Sept. 19 defended his call for more aggressive rate cuts at the Fed’s latest meeting, downplaying tariffs’ risks to inflation and concerns that his actions are influenced by President Donald Trump.