Trump wants Fed to cut rates to 1% - or even lower
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Want to know how this week's Fed rate cut impacted the mortgage rate climate? Here are the latest interest rates.
Inflation has picked up in recent months alongside a hiring slowdown.
Three members of the Federal Reserve's policy committee discussed interest rates on Friday, and fittingly, given the divisions on the committee, had three different views on where it should go.
The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market As of today,
The Federal Reserve concluded its last meeting of the year with a widely anticipated 25 basis point cut to the federal funds rate (FFR), bringing it to a range of 3.50-3.75%.
The Federal Reserve cut interest rates Wednesday in an unusually narrow vote, underscoring the divides among bank officials over the effect rate cuts will have on inflation and employment. The Federal Open Market Committee (FOMC),
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
The Trump administration signed a contract to create a fleet of jets for deportations. In other immigration news: Trump launched his gold card program, offering $1 million fast-track visas. And he finally confirmed using a vulgar slur about several nations in 2018.