Sarah Foster

2 months ago | bankrate.com | Sarah Foster |Brian Beers

The Federal Reserve decided to delay more rate cuts and keep interest rates unchanged at its first meeting of the year, giving themselves time to assess whether inflation is cooling and how President Donald Trump’s policies might impact the U.S. economy. The decision means the Federal Open Market Committee (FOMC) will keep its benchmark federal funds rate at 4.25-4.5 percent, a target range last seen in early 2023. Before then, rates hadn’t been this high since 2007.

Nov 7, 2024 | msn.com | Sarah Foster

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Nov 7, 2024 | finance.yahoo.com | Sarah Foster

The Federal Reserve cut interest rates for the second consecutive meeting on Thursday but this time by a smaller quarter of a percentage point, as inflation continues cooling and a slowdown in the job market stabilizes. The Federal Open Market Committee (FOMC)’s decision means its key benchmark borrowing rate will now hold in a target range of 4.5-4.75 percent, the lowest since the spring of 2023.

Nov 7, 2024 | weau.com | Sarah Foster

We’re now just an hour away from the Fed’s November decision. At the post-meeting press conference to follow, don’t expect Fed Chair Jerome Powell to say much about President Donald Trump winning his reelection bid — if anything at all. Commenting on politics and the world of fiscal policy is not a line the Fed likes to tread. Policymakers make decisions independent from Congress, a separation that research has suggested leads to better outcomes for the economy.

Nov 7, 2024 | wbng.com | Sarah Foster

Introducing Bankrate’s live blog Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve. With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.