The U.S. Federal Reserve has announced a 25-basis-point (bps) cut in its main interest rate, bringing it down to a target range of 4.50% to 4.75%. All Fed officials unanimously supported this decision ...
The first rate cut in four years is expected to significantly influence the housing market. Many home buyers and sellers are sitting on the sidelines, waiting for interest rates to come down.
Last week’s inflation report did little to change the Federal Reserve’s easing cycle. Over the last few weeks, the yield on 10-year U.S. Treasury bonds has quickly jumped from 3.6% to 4.1%.
Traders in the federal-funds futures market were still largely anticipating on Thursday that the Federal Reserve will lower its benchmark interest rate by a quarter of a percentage point next month, ...
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