By CHRISTOPHER RUGABER WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed’s rate-setting committee unanimously agreed to a rate hike, and nearly all…
Everyone was expecting the Federal Reserve to cut interest rates this week and they didn’t disappoint, cutting rates by a quarter point. Fed officials have indicated more cuts are on the…
By CHRISTOPHER RUGABER Updated 3:18 PM CDT, September 18, 2024 WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation…
If you’re looking to buy a home right now, we have some updated numbers. The national average for a 30-year fixed mortgage jumped from 6.5 percent in February…
By CHRISTOPHER RUGABER WASHINGTON (AP) — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling…