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
Fed Chairman Jerome Powell urges Congress to aid the economy
Jun 17, 2020In today’s Daily Download episode, HousingWire covers Federal Reserve Chairman Jerome Powell’s statements to Congress about the nation’s economic vitality. For some background on the story, here’s a summary of the article: Failure to provide additional legislative support to an economy reeling from COVID-19 will worsen the inequality that has led to mass protests in […]
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Economy needs more help from Congress, Powell says
Jun 16, 2020 -
Fannie Mae sees record-low mortgage rates through 2021
Jun 15, 2020 -
Should the Federal Reserve stick with its zero interest-rate policy forever?
Jun 12, 2020 -
Carson voices support for DACA “Dreamers” to qualify for FHA mortgage
Jun 11, 2020 -
Fed pledges to maintain current pace of MBS purchases
Jun 10, 2020 -
Americans’ anxiety about bills dropped in May, Fed survey shows
Jun 09, 2020 -
Searching for a virtual summer camp? The Federal Reserve banks have you covered
Jun 09, 2020 -
Mortgage rates hit another all-time low
May 28, 2020 -
Powell cites Fed’s mortgage intervention as a success
May 19, 2020 -
Are mortgage rates about to fall below 3%?
May 19, 2020 -
Another 2.8 million Americans file jobless claims
May 14, 2020
