The Dollar Index (DXY00) fell to a 1.5-week low on Friday and ended down -0.08%. The dollar gave up its early gains last Friday and moved lower on increased chances of the Federal Reserve cutting interest rates at next month’s FOMC meeting. Swaps markets are now pricing in an 83% chance of a Fed rate…
Find out if now is the right time to put your money in a savings account. The Federal Reserve recently implemented a series of cuts to the federal funds rate. As a result, deposit interest rates are falling from their all-time highs. Still, it is possible to find high-yield savings accounts that pay more than…
Current CD rates still remain well above the national average. The Federal Reserve lowered its target interest rate three times in 2024 and recently announced its second rate cut for 2025. This has a ripple effect on deposit account rates, meaning now could be your last chance to lock in the current high rates with…
Find out if now is the right time to put your money in a savings account. The Federal Reserve recently implemented a series of cuts to the federal funds rate. As a result, deposit interest rates are falling from their all-time highs. Still, it is possible to find high-yield savings accounts that pay more than…
Find out if now is the right time to put your money in a savings account. The Federal Reserve recently implemented a series of cuts to the federal funds rate. As a result, deposit interest rates are falling from their all-time highs. Still, it is possible to find high-yield savings accounts that pay more than…
The Federal Reserve cut its benchmark interest rate by a quarter point on October 29, for the second time since September 2025. This move is closely watched by home buyers, refinancers, and investors alike, because the federal funds rate is the rate at which banks borrow and lend to each other. Read more: Fidelity says…
Current CD rates still remain well above the national average. The Federal Reserve lowered its target interest rate three times in 2024 and recently announced its first rate cut for 2025. This has a ripple effect on deposit account rates, meaning now could be your last chance to lock in the current high rates with…
U.S. stock futures rose Sunday night as Wall Street prepared for a crucial week with the Federal Reserve’s expected rate cut, a rush of earnings from big tech companies and a long-awaited meeting between President Trump and Chinese President Xi Jinping. S&P 500 futures (ES=F) gained about 0.7%, while Nasdaq 100 futures (NQ=F) rose 0.9%….
WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Powell said in a speech in Philadelphia that despite the federal government shutdown that prevented official…
