Fed cuts rates by a half point at September 2024 meeting

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the... its highest level in more than 40 years, and last raised rates in July 2023. During the...

High interest rates are good news for Americans eyeing retirement

Kerry Hannon · Senior Columnist · 7 min read A quick read of the tea leaves suggests that interest rates will stay higher for longer in 2024. Those nearing retirement need to factor that...

Fed keeps interest rates at 23-year high

The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.

Interest Rates: Different Types and What They Mean to Borrowers

Investopedia / Julie Bang Understanding Interest Rates Interest is essentially a charge to the borrower for the use of an asset. Assets borrowed can include cash, consumer goods, vehicles...

Fed likely to keep rates higher longer, rate hike unlikely. Powell says

Fed Chair Jerome Powell said it "may take longer than expected" for high interest rates to bring down inflation. He repeated a rate hike is unlikely.

Interest Rate - Countries - List

Country, Last, Previous, Reference ; Japan, 0.25, 0.25, Oct/24 ; Switzerland, 1, 1, Oct/24 ; Singapore, 2.75, 2.79, Nov/24 ; South Korea, 3, 3.25, Nov/24 ; China, 3.1, 3.1, Nov/24 ; Euro Area, 3.4, 3.65, Oct/24 ; Canada, 3.75, 4.25, Oct/24 ; Australia, 4.35, 4.35, Nov/24 ; United Kingdom, 4.75, 5, Nov/24 ; United States, 4.75, 5, Nov/24 ; Saudi Arabia, 5.25, 5.5, Nov/24 ; Indonesia, 6, 6, Nov/24 ; India, 6.5, 6.5, Oct/24 ; South Africa, 7.75, 8, Nov/24 ; Mexico, 10.25, 10.5, Nov/24 ; Brazil, 11.25, 10.75, Nov/24 ; Russia, 21, 19, Oct/24 ; Argentina, 35, 40, Nov/24 ; Turkey, 50, 50, Nov/24

High interest rates aren't to blame for housing crisis, Bank of Canada governor - CBC

Bank of Canada governor Tiff Macklem says the central bank can't solve the housing crisis with interest rates because the root cause is a supply shortage.

United States Fed Funds Interest Rate

Calendar, GMT, Reference, Actual ; 2024-09-18, 06:00 PM, Interest Rate Projection - 1st Yr, 3.4% ; 2024-09-18, 06:00 PM, Interest Rate Projection - 2nd Yr, 2.9% ; 2024-11-07, 07:00 PM, Fed Interest Rate Decision, 4.75% ; 2024-12-18, 07:00 PM, Fed Interest Rate Decision, ; 2025-01-08, 07:00 PM, FOMC Minutes, ; 2025-01-29, 07:00 PM, Fed Interest Rate Decision,

Brazil Interest Rate

Calendar, Actual, Previous, Consensus ; 2024-09-18, 10.75%, 10.5%, 10.75% ; 2024-11-06, 11.25%, 10.75%, 11.25% ; 2024-12-11, 12.25%, 11.25%, 12% ; 2024-12-16, , , ; 2024-12-23, , , ; 2024-12-30, , ,

United Kingdom Interest Rate

Reference, Actual, Previous, Consensus ; BoE MPC Vote Cut, 8/9, 1/9, 7/9 ; BoE MPC Vote Hike, 0/9, 0/9, 0/9 ; BoE MPC Vote Unchanged, 1/9, 8/9, 2/9 ; BoE Interest Rate Decision, , 4.75%, ; BoE Interest Rate Decision, , , ; BoE MPC Vote Cut, , ,