The central bank has now shaved a full percentage off its benchmark rate since September. Here’s what it means for your borrowing costs.
Related Posts
Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year.
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Job openings totaled 7.74 million on the month, up 372,000 from September.
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
Chairman John Malone will become interim CEO of Liberty Media. Liberty Media’s investor day is set to take place on Thursday in Manhattan.