Fed cuts interest rates a half point in landmark policy shift
Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, ...
The Federal Reserve granted the market its wish and lowered its benchmark federal funds rate by 50 basis points.
Austin American-Statesman on MSN7h
Fed cut interest rates for first time in 4 years. See how much and what that meansWhen the Federal Reserve changes interest rates, the new rate typically takes effect immediately after the announcement.
The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates ...
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