This new cut reduced the benchmark rate by a quarter point, setting the Fedrate to a range of 4.25% to 4.50%. This matters for your wallet because Fed decisions ripple through nearly every ...
While borrowers may be hoping that the Fed's latest move helps to lower mortgage rates, the Federal Reserve's 25 basis point rate cut is unlikely to lead to a dramatic drop. Here's why ...
CD rates tend to track the federal funds rate. When the fedrate goes down, CD rates decline, and vice versa. The Federal Reserve held the federal funds rate steady for nearly a year but made ...