Skip Nav
12 Costco Employee Secrets, Including What the Different Markdowns Mean
Donald Trump
Is Disney World Making a Major Change to Keep Trump Out of the Hall of Presidents?
6 Secrets From Best Buy Employees That'll Change How You Shop

Fed Announces Another Interest Rate Cut

News Flash: Fed Cuts Interest Rate Again

The Federal Reserve cut its federal funds rate this afternoon to 2.25 percent, making its sixth cut in the last six months. A weakening labor market, slowdown in consumer spending, a loss of confidence and crisis in financial markets, and a tight credit market were reasons the Fed used to support this most recent cut. Acknowledging the issues of inflationary pressures alongside a slowing economy, they stated "Uncertainty about the inflation outlook has increased. It will be necessary to continue to monitor inflation developments carefully.”


Around The Web
Join The Conversation
smoochiez smoochiez 9 years
I just bought a new home and the rates were at 5.25% but now that this was just announced would there be a way to make that interest rate even lower for me?
gitwenty5 gitwenty5 9 years
This rate cut is impacting me for sure. I live in Hong Kong and I took on a mortgage in January. In Hong Kong our rates are floating (you don't have a choice) and since Hong Kong adjust rates according to US, my payments are dropping each month...
Smart-Living Smart-Living 9 years
Hi ladies! Great questions — check back tomorrow for a follow up post. Savvy
ilanac13 ilanac13 9 years
i was giong to ask the same question. does it mean that i can refinance my mortgage at this REALLY low rate? i hope so cause i'm scared about what will happen when i have to adjust it ....
princessjaslew princessjaslew 9 years
but what does this mean for us?
Queen Elizabeth II Statement About Manchester Concert Attack
Mortgage Aid Program to Bring Hope for Homeowners
Closing in on the Fight Against Foreclosures
News Flash: Women Have a Hard Time Keeping Secrets
What Harvard's Class of 2008 Learned From Their Graduation Speaker
News Flash: Texas Says Abstinence-Only Doesn't Work
Goldman Sachs and Morgan Stanley Convert to Traditional Banks
News Flash: Credit Card Reform Bill Gets Nod From the House
Fed Makes Emergency Interest Rate Cut
News Flash: 92% of Iowans Say Gay Marriage Has Had No Impact on Their Lives
From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds