Federal Reserve
The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.
Latest Posts
Banks May Take Hit on FHLB Stock Holdings
Jan 09, 2009(Update 1: corrected reference to Dallas FHLB; a spokesperson from the Home Loan bank said they will pay a reduced dividend to members, but are continuing to repurchase FHLB stock.) Serious cracks are showing in the nation’s Federal Home Loan Bank system, and it now appears as if member banks are being forced to take at least some of the hit for it. Various banking industry sources suggested Friday afternoon that some Home Loan banks are squeezing the liquidity faucet, and refusing to pay banks back for FHLB stock they purchased.
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Mortgage Rates Set Another New Low
Jan 08, 2009 -
Treasury Lists TARP Expenditures; Questions Remain
Jan 07, 2009 -
Fed’s Bullard: The End of Monetary Policy
Jan 06, 2009 -
Fed Begins Buying Agency MBS
Jan 05, 2009 -
Wells Fargo and Wachovia Merger Complete
Jan 02, 2009 -
Mortgage Banker Looks to Hire Amid Refi Surge
Dec 31, 2008 -
Fed to Begin Purchasing Agency MBS in January
Dec 31, 2008 -
For GMAC, ResCap, a Merry Christmas; But a Happy New Year?
Dec 29, 2008
