The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
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As the U.S. economy continues its slow but sure recovery, the Federal Reserve will, at some point, begin increasing interest rates. Many analysts believe that will happen sometime this summer ...
The Fed trimmed rates modestly to a range between 1.75% and 2%. It was its second rate cut this year, after the central bank cut rates July 30 for the first time in a decade.. In announcing the ...
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Economists say the central bank is nearly certain to raise what's called the federal funds rate by a quarter of a percentage point Wednesday to a range of 2 percent to 2.25 percent, the third such ...
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The announcement came after growth slowed to a six-year low of 6.9 percent in the latest quarter, according to official figures, dragged down by weak global demand and an effort to reduce reliance ...
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The Bank of Korea's monetary policy committee kept the base rate at 2.75 percent at a monthly meeting. The rate influences a variety of interest rates including those on overnight loans between ...
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