Tag: Fed
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Fed up with the economy, Americans turn to Trump, giving him election sweep of swing states
With Arizona called last night, Donald Trump swept all seven swing states. Six of them flipped from Joe Biden’s column in 2020. So far, the president-elect has won just over 50% of the popular vote and he made gains in key demographics, including the young, Latinos and women. Republicans took the Senate and are on…
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Minneapolis Fed president says another interest rate cut in December is “certainly possible”
Minneapolis Fed president says another interest rate cut in December is “certainly possible” – CBS News Watch CBS News Neel Kashkari, the president of the Minneapolis Federal Reserve, tells “Face the Nation with Margaret Brennan” that another interest rate cut after the December Fed meeting is “certainly possible” but “we want to have confidence that…
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4 smart home equity moves to make now that the Fed cut rates again
To get the most value out of their home equity borrowers should make select moves now that the Fed’s cut interest rates again. Getty Images/iStockphoto While another Federal Reserve rate cut issued this week won’t be great for savers accustomed to earning high returns on their money, it will provide another boost to borrowers. Whether…
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What the Fed rate cut means for HELOC interest rates
A HELOC offers homeowners the key to cost-effective financing right now. Getty Images/iStockphoto Interest rates are heading down again, according to the Federal Reserve. On Thursday, the Fed issued another cut to its federal funds rate, the second in the last three months. Now at a range between 4.50% and 4.75%, the rate is down…
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Fed Chair Jerome Powell says he won’t resign if Donald Trump asks him to step down
Federal Reserve cuts interest rate Federal Reserve cuts interest rate for second time in 2024 05:31 Federal Reserve Chair Jerome Powell said he won’t step down if President-elect Donald Trump, who has previously criticized Powell’s performance, asks him to resign. Speaking at a press conference Thursday to discuss the Fed’s move today to cut its…
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What will happen to home equity loan rates after this week’s Fed rate cut?
Home equity loan interest rates are poised to decline once again. Getty Images Interest rates are on the decline. Or at least the federal funds rate is. That seems to be the confusing but somewhat accurate interpretation in recent weeks after the Federal Reserve issued its first cut to the federal funds rate in more…
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Will gold’s price fall after this week’s Fed rate cut?
The Fed is expected to cut rates again this week, which could have an impact on the price of gold. Getty Images/iStockphoto Gold has been a focal point in financial markets this year, due in large part to an impressive upward trend that has marked 2024 as a historic year for the precious metal. On…
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What will happen to mortgage rates after this week’s Fed rate cut?
A cut to the federal funds rate looms over the housing market right now. Getty Images Those who were looking to buy a home finally got a major reprieve in September when mortgage interest rates plunged to a two-year low. That came right before the Federal Reserve issued a larger-than-anticipated 50 basis point reduction to…