Federal Reserve, interest rate
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Buying a home just got a little more affordable, but it's important to know what your monthly payments could be.
Major stock indexes ended mixed Wednesday after the Federal Reserve trimmed interest rates by a quarter percentage point and signaled further cuts ahead. The Dow industrials hit an all-time high and closed higher,
World equity markets rose to a fresh new peak on Thursday while the U.S. dollar gained against major peers, buoyed by the Federal Reserve's interest rate cut, while the pound dipped slightly after the Bank of England kept rates unchanged.
The Bank of England holds rates as it seeks to tackle inflation, which remains well above above its 2% target.
The Fed cut rates Wednesday, resisting Trump’s push for deeper cuts, but looming legal and political battles — including a Supreme Court case — could test its independence.
Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States.
Bitcoin, XRP and Ethereum jumped early Thursday as crypto investors welcomed the Federal Reserve’s first interest-rate reduction in nine months and digested the prospect of more cuts to come.