Trump’s return to the White House muddles the outlook on what comes next. 8 Federal funds target rate 6 Expected: 0.25-point decrease 4 Federal Reserve officials are widely expected to cut interest rates on Thursday. The bigger focus will center on what ...

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.

Short-term U.S. interest rates are likely to be lower on Inauguration Day in 2025 than they are on Election Day, and that means the U.S. Federal Reserve almost certainly will continue to cut the benchmark federal funds rate — not just this week but at its December meeting as well.

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday in a move that preserves flexibility as officials contend with a cooling labor market and lower inflation. Tuesday’s election didn’t alter the Federal Open Market Committee’s policy path,

Policymakers at the Federal Reserve make their first monetary policy move under the newly re-elected President Donald Trump.

After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point from its 23-year high.