Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.
Category: Interest Rates
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A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race
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Wall Street Expects Half-Point Fed Rate Cut
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.
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What Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.
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How the Fed Cutting Interest Rates Affects Banks, Stocks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.
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As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
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Banks Offer Bonuses for Customers Opening New Accounts
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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U.S. Mortgage Rates Fall to 6.2%, Lowest Since Early 2023
The average rate on 30-year mortgages declined to 6.2 percent this week, the lowest point since early 2023.
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European Central Bank Cuts Rates for Second Time in Three Months
The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.
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Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Consumer Price Index inflation continued to cool, reaching a new three-year low. But signs of stubbornness lingered under the surface.
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Trump’s Promises to Cut Inflation Are Unrealistic, Many Economists Say
Economists and analysts are dubious of Trump’s promises to slash gas prices or prod interest rates lower.
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What to know about the latest report.
Ahead of a key Federal Reserve meeting to set interest rates, employers added 142,000 jobs in August and the unemployment rate was 4.2 percent.