Tag: Interest Rates
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The Fed is set to cut rates for the first time in 4 years. What does that mean for your money?
It’s been a long and bumpy road to the Federal Reserve’s first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. On Wednesday, the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years,…
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Fed Chair Jerome Powell signals “time has come” for interest rate cuts
Federal Reserve Chair Jerome Powell said “the time has come” for the central bank to adjust its monetary policy, signaling that rate cuts could soon lower borrowing costs for American consumers and businesses. Powell, who spoke at an annual conference of central bankers in Jackson Hole, Wyoming, didn’t disclose specifics about when a rate cut…