Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank's move to head off a ...

The United States central bank on Wednesday (Sep 18) announced a 50-basis-point reduction in its key lending rate to between 4.75 per cent and 5 per cent. While a rate cut was largely anticipated ...

Average 30-year fixed mortgage rates fell again this week to 6.09%, though the move wasn’t directly tied to the Federal Reserve’s rate cut on Wednesday. The average rate dropped 0.11 ...

NBC’s Vicky Nguyen joins TODAY to discuss what the interest rate cut means for your wallet and shares tips for the housing market, car loans and credit card debt.Sept. 19, 2024 ...

WASHINGTON – The US Federal Reserve cut interest rates by half of a percentage point on Sept 18 in its first reduction for more than four years, sharply lowering borrowing costs shortly before ...

The Fed delivered a jumbo-sized rate cut this week. The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal ...

“Just on the Fed cutting—it’s a very Wall Street Journal-y question, but the Fed cut the interest rate today by a half a percentage point,” the reporter can be heard saying in footage of ...

Construction executives welcomed the Federal Reserve’s 0.5 percentage point rate cut announced on Wednesday, saying the move is the start of broader easing likely to spur new project starts.

The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said. Source: Freddie Mac By ...

As was widely expected, the Federal Reserve cut its influential fed funds rate this afternoon. The committee cut by a half percentage point, which was a matter of debate ahead of the meeting.

NEW YORK, Sept 18 (Reuters) - Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional ...