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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.”

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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?
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