The Federal Reserve lowered interest rates on Wednesday. The September FOMC decision has a ripple effect on many types of consumer loans and savings rates. Here's the breakdown of how the Fed's rate ...
The last time the Federal Reserve cut the federal funds rate was on Sept. 17 when the benchmark rate was reduced by a quarter point. The Fed cut rates three times in 2024. The average 30-year fixed ...
Federal Reserve interest rates: The Federal Reserve lowered its benchmark interest rate by 0.25 percentage point to a new range of 4% to 4.25% on Wednesday for the first time since December last year.