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.
Four Fed policymakers favor more rate cuts, but differ on pace
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.
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.
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Mortgage rates climbing despite rate cuts
ABC's Alexis Christoforous reports on the latest housing market as mortgage rates continue climbing, even after the Federal Reserve cut interest rates.
The surprising reason mortgage rates are up despite interest rate cuts
Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are expected to stabilize or even fall due to her proposed home-b
Why are mortgage rates rising after Fed cut interest rates last month?
The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.
U.S. mortgage rates continue to ascend
Freddie Mac reports the 30-year fixed mortgage rate averaged 6.44% for the week ending Oct. 17 — up from 6.32% last week.
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 Schmid Favors Slower Pace for Interest-Rate Reductions
Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions given ...
Fed's Logan eyes more gradual rate cuts amid more balance sheet cuts
Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the central bank and ...
Interest Rates and the Fed: What Economists Expect for the Rest of 2024
That is where economists see short-term interest rates by the end of this year, implying two further, quarter-point cuts by ...
Here's how interest rates impact gold prices
Ongoing conflicts around the world are significantly impacting gold's value, sometimes overshadowing the effect of interest ...
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well ...
CNBC Daily Open: Concerns over high interest rates return, pressuring stocks
Experts and markets think both the U.S. economy and interest rates will remain warm — if not hot — to the touch.
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 ...