Credit card rates have barely budged, despite interest rate cuts. Here's why
Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the report said. Debt holders may
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.
How the Fed's Rate Cuts Will Affect Your Money—And What to Do About It
The Federal Reserve cut its influential interest rate for the second meeting in a row last week to boost the economy and prevent a rise in unemployment, but it may take a while for consumers to see its effects.
The Fed Just Cut Interest Rates. Is Now a Good Time to Buy a Car?
In September, the Federal Reserve lowered its benchmark interest rate by half a percentage point. That was then followed by a quarter-point rate cut in November. Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo!
Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a percentage point to 4.5-4.75%— marking the second reduction this year. The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9% in the middle of 2022.
Post-election stock rally fizzles as interest rate concerns grow
The S&P 500, Nasdaq and Dow all fell for the week, while pharmaceutical stocks slid after Trump picked anti-vaccine activist ...
Bank of Mexico lowers key interest rate, leaves door open to future cuts
The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, ...
Stock Market Today: Dow falls 300 points as rate-cut doubts stall postelection rally
U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that ...
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Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Strong US data continues reshaping Fed views of pace, extent of rate cuts
Strong U.S. economic and inflation data on Friday continued reshaping the debate among Federal Reserve policymakers over the ...
Odds of a December Interest-Rate Cut Jump After Inflation Matches Expectations
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a ...
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Federal reserve cuts key interest rate while Houston homebuyers waiting for another cut
The federal reserve plans to cut more over the next year. As people keep their fingers crossed for better financing in the ...
How to Calculate the Break-Even Interest Rate on Bonds
To calculate the break-even interest rate, you need to know the yields to maturity and the number of years left before the ...
Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.13%
Thinking about taking out a mortgage loan? Current mortgage rates fall to 6.88% for 30-year terms, while 15-year terms ...