Federal Reserve expected to cut rates again
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The Federal Reserve on Wednesday is set to lower borrowing costs again, even as stark divisions persist within the central bank’s powerful rate-setting committee.
The Federal Reserve will soon unveil its December rate decision. Analysts expect multiple dissents alongside another quarter-point rate cut.
The rate on a 30-year fixed refinance climbed to 6.42% today, according to the Mortgage Research Center. Rates averaged 5.43% for a 15-year financed mortgage and 6.14% for a 20-year financed mortgage.
Trump administration live updates: Fed expected to lower interest rates; Judge orders Epstein grand jury records released The Fed's latest rate-setting meeting comes amid a data blackout caused by the record-breaking federal government shutdown.
National Economic Council director Kevin Hassett says he would rely on his own judgment and not bow to political pressure to decide whether to cut interest rates if he becomes the next chairman of the Federal Reserve.
The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Right now,
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