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.

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Fannie, Freddie, Wachovia Lead Stock Market Down 

Jul 15, 2008By

Credit fears remain clearly in investors’ view for the second straight week, and shares of dual mortgage finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] continue their pre-market freefall. Freddie Mac was at 5.55, down nearly 22 percent as of 9:57am; Fannie Mae was at $8.16, down 16.14 percent.

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