Mortgage rates for September 19, 2024, remain near 5.60%, according to Zillow data. The Fed slashed rates this week, helping mortgage rates stay low after dropping earlier this month. Because the Fed is likely to cut rates further,

In a move that was widely anticipated and hoped for, the Federal Open Market Committee (FOMC) opted on Wednesday to cut its fed funds interest rate by 50 basis points to a new target range of between 4.

Fed meeting is highly anticipated. It is expected to bring about the first rate cut after a series of hikes and pauses.

Because the rate cut has been forecast for so long, it's largely already been priced into the value of the dollar in international markets. “Exchange rates tend to adjust when a

One reason for the muted market reaction on a close-to-close basis has to do with how asset prices moved in the days leading up to the Fed decision, said Sonu Varghese, global mac

In the end, the Fed decided to go big. The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening jobs picture.