5 weeks after the Fed cut rates, banks still want your cash — and they're paying to get more of it
The Fed cut rates five weeks ago, but banks are still paying high interest rates on high-yield savings accounts and combo checking/savings offers.
Fed needs to continue to cut rates, Daly says
San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely" still high enough that they are restraining the economy.
Fed’s Daly Says She Doesn’t See Reasons to Stop Cutting Rates
Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.
Fed cuts interest rates again — why you should refinance debt now
The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by a full percentage point—the second rate cut in two weeks and the largest in Fed history.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.
Four Fed policymakers favor more rate cuts, but differ on pace
By Ann Saphir (Reuters) -Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go. Three of them,
Fed’s Kashkari Sees Slower Pace of Cuts Over Coming Quarters
Federal Reserve Bank of Minneapolis President Neel Kashkari repeated that he favors reducing interest rates at a slower pace in the coming quarters.
Minneapolis Fed's Kashkari sees 'modest' rate cuts for next several quarters
Minneapolis Fed President forecasts more modest cuts over the next several quarters, he said on Monday at the Chippewa Falls Area Chamber of Commerce. Recall that the Federal Open Market Committee initiated its easing cycle in September,
Fed's Kashkari: Job market weakness could mean faster rate-cut pace
(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Monday again said he expects "modest" interest rate cuts over the next several quarters, though a sharp deterioration of labor markets could move him to advocate for faster cuts.
The bond market is selling off after traders got their Fed forecasts wrong
"We could easily get a scenario where the Fed will basically have to reverse course and begin to stay on hold," Apollo's ...
Fed's Logan doubles down on request for rates to be lowered 'gradually'
Dallas Fed president Lorie Logan reiterated Monday she sees lowering interest rates "gradually," citing an increased risk ...
How The Fed Rate Cut Will Impact Consumer Debt And Spending This Holiday Season
The Federal Reserve's decision to cut interest rates last month has the potential to affect a wide range of financial sectors.
Apollo’s Slok Sees Rising Chance Fed Will Hold Rates in November
The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy ...
Here’s why the Fed’s 0.5% rate cut won’t fix America’s housing problem — and why reality may be about to kick in for first-time buyers
The good news is that the Federal Reserve recently cut rates by 0.5% in its September meeting, and more cuts are expected ...
Mortgage Refinance Rates Climb to New 2-Month High
With a third daily increase, 30-year mortgage refi rates have risen to their highest level since mid-August—rising up from ...
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Best CD Rates Today, Oct. 21, 2024: Last Call for APYs Up to 4.75%?
Today's best CDs offer APYs as high as 4.75%. APYs have fallen since the Fed's September rate cut, and they're likely to keep ...