Fed cuts interest rate target
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Bank of America initially expected the Fed to stand pat this month while awaiting more data on whether its recent cuts have helped boost hiring. However, economists at the 120-year-old bank have recently changed their tune, updating their outlook for rate cuts in December and 2026.
The Fed delivered a quarter-point rate cut as expected, but the central bank's new 2026 outlook highlights an uncertain path for future savings and CD yields.
HELOC rates could fall in 2026 if the Fed rate-cutting trend continues, but there are other possibilities, too.
The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.
The Swiss National Bank kept its interest rate at zero, judging that a weakened inflation outlook doesn’t yet justify a return to negative borrowing costs.
In this economic environment, nearly anything could happen. Here's what to expect for mortgage refi rates next year.
The Bank of England will cut interest rates by a quarter point to 3.75% on December 18, according to all economists polled by Reuters, with evidence showing still-elevated inflation drifting downwards convincing most that a tightly split policy committee will flip towards easing.