The Fed Cut Rates. Will Saving Account and CD Rates Plummet?
The Fed meets eight times a year to assess the health of the US economy and vote on the federal funds rate, the rate banks use to lend and borrow money. While the Fed’s decision to change rates doesn’t directly affect savings rates, changes in APYs typically follow. The changes can take several weeks or even months to take effect.
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook ...
Dr. Sahm is a former Federal Reserve economist. For the last three years, the Federal Reserve has been fighting to bring ...
But this time around, I think they will be.
Despite these challenges, the latest report offers some optimism. The four-week average of claims, which smooths out weekly ...
The big Fed cut alongside news of falling weekly jobless puts the 'soft landing' firmly on track and all stock indexes surged on Thursday - with new record highs for the S&P500 (.SPX) and the ...
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
As noted above, the REIT has a record amount of liquidity (a cool $3.2 billion) including a zero balance on its revolving ...
BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this ...
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