Fed Reserve cuts interest rates
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The Fed has cut interest rates for the first time in 2025. CNBC Select shares what that means for credit cards, personal loans, mortgages and more.
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Who Wins When Interest Rates Move?
Lower interest rates are more than a macro headline. For some businesses, what the Federal Reserve decides to do plays an integral role for both management and investors.
The Senate confirmed the rushed appointment of Stephen Miran, chairman of the White House Council of Economic Advisers, in a 48-47 vote in favor. He is set to fill the empty seat left by former Fed Governor Adriana Kugler, who stepped down from the role in August. The term is set to end in January.
The Federal Reserve on Wednesday announced its first interest rate cut of 2025, and the central bank hinted at two more coming before the year's end. While this is welcome news for borrowers, it's not so good news for savers.