The Fed cut rates for the first time in 4 years. What does that mean for your money?
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Surprise! The Fed Cut Interest Rates by Half a Point -- Here's What It Means for Your Money
The Fed announced a 50 basis point rate cut on Sept. 18, 2024, bigger than expected. See what it means for your finances and the economy.
Opinion
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
Investor expectations had largely shifted towards a dovish outcome in the days leading up to the Fed's move on Wednesday, with money markets pricing in around a 65% chance of a 50 basis point (bp) cut.
Stretch Your Dollar: Where you’ll see relief after Fed cuts interest rates
For the first time in 16 years, the federal reserved slashed interest rates by half a percentage point and this means relief for millions of Americans.
America’s roundup: Dollar slips in choppy trading, Wall Street ends higher, Gold gains, Oil ends higher
Market Roundup US Continuing Jobless Claims 1,829K 1,850K forecast, 1,843K previous US Current Account (Q2) -266.8B -259.0B forecast, -241.0B previous US Initial Jobless Claims 219K 230K forecast,
US stocks climb, dollar drops after bumper Fed cut
Major stock indexes rose and the dollar dropped on Wednesday as traders digested a chunky interest rate cut from the Federal Reserve, which moved to lower borrowing costs in the world's largest economy for the first time in more than four years.
Rupee faces challenge as US Dollar surges after Fed's large rate cut
The Indian Rupee 's recovery on Thursday will have to contend with a broadly higher US dollar despite the Federal Reserve delivering a 50-basis-point rate cut. The 1-month Dollar / Rupee non-deliverable forward (NDF) declined to 83.
Why Money Is Stressing 45% Of Americans Right Now
Discover why 45% of Americans are stressed about money and how understanding your financial mindset can help reduce anxiety ...
So we’re expecting a rate cut. When will we start to see a difference in the economy?
If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening.
Billionaire hedge fund manager says he would pull his money from the market if Harris wins election
Billionaire and Trump fundraiser John Paulson said Tuesday he plans to pull his money from the market and put it in cash and ...
Will Social Security Really Run Out of Money in 2035? Here's How It Could Last Decades Longer.
As the headlines say, Social Security's trust funds are expected to run out of money in 2035, based on the intermediate ...
Billionaire hedge funder John Paulson says he’ll yank his money from market if Kamala Harris wins election
The future of the American stock market and economy relies on the winner of the Nov. 5 general election, the 64-year-old ...
Your Money, Your Vote: How Harris’s and Trump’s Economic Plans Could Impact Your Finances
A podcast series that examines what the next administration’s policies would likely mean for voters’ financial futures.
America’s economic engine is still revving, despite fears of a slowdown
Spending at US retailers rose 0.1% in August from the prior month, the Commerce Department reported Tuesday. That’s a much ...
Trump-Loving Billionaire Threatens to Pull His Money From the Market If Harris Wins the Election
John Paulson has boldly claimed Trump would be better for the middle class. He did not mention the ex-president’s pledge to ...
EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on ...
Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut
Money-market funds shed $20.02 billion in assets in the past week, according to data from the Investment Company Institute. While balances were still lofty at $6.3 trillion for the week ending ...