Fed cuts interest rates again on higher unemployment and slowing job gains

Fed cuts interest rates again: What's next for mortgages, credit cards

Snippet of Article: "...Dec. 10, the nation's central bank cut short-term interest rates by a quarter percentage point. The Fed's December rate cut drove the short-term federal funds rate to a target range of 3.5% to 3.75%. The Fed noted in its statement that "job gains have slowed this year, and the unemployment rate has edged up through September. ..."

Source: Detroit Free Press

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Fed expected to deliver third straight rate cut this week amid labor concerns

Snippet of Article: "Decision comes as labor market shows weakness with 1.17M layoffs announced through November, highest since 2020...The market's expectations for a rate cut at this week's meeting have shifted wildly amid those concerns and disruptions in the release of economic data. ...The market's expectations for a rate cut at this week's meeting have shifted wildly amid those concerns and disruptions in the release of economic data. ..."

Source: www.foxbusiness.com

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