Despite persistent inflation, the Federal Reserve cut the benchmark interest rate by a quarter point yesterday during their last meeting of the year. The rate was lowered to a range of 4.25% to 4.5%, which is good news for borrowers, but overall, the move will most...
In line with the Federal Reserve’s previous move that cut the benchmark interest rate by 0.50 percentage points, rates have been decreased once again. The second Fed rate cut of the year, which took place just two days after the presidential election, was...
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75%...
Despite the optimistic outlook on the economy frequently presented by the White House, a less positive reality unfolds for the average American – a massive surge in credit card debt. By the close of the last year, credit card debt in the United States reached a...
The Fed announced it would maintain its benchmark interest rate at 5.25%-5.50% for the fifth consecutive meeting. This decision, reached on March 20 by the Federal Open Market Committee, leaves financial markets and observers looking ahead to June, where the first...
CPI numbers released today indicate U.S. inflation pressures cooled in January. Still, the drop was less than anticipated, which lines up with the reasoning behind the Federal Reserve’s caution on interest rate cuts. Others had been more hopeful, as seen in a...
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