The Federal Reserve cut the interest rate by 50 basis points – and the market RAISED its rates by the same amount. The Fed said "Down" and the markets said "Nope."

The Federal Reserve recently cut rates for the first time in more than four years. But this could be just the beginning. Find out what you need to know.

Their latest update, published on September 18th, revealed that their views on long-term interest rates are the most dispersed since the Fed started publishing these “dot plot” projections in 2012. Of the 19 officials who made forecasts (the committee’s 12 voters plus seven regional Fed presidents),

With recent, stronger jobs data markets expect the remaining cuts of 2024 to be 0.25% moves as chance of 0.5% cut fades.

If the Federal Reserve keeps cutting rates, it's likely that mortgage interest rates will follow. See what that could mean to you.

Since the onset of the COVID-19 pandemic, there's been rampant 40-year record high inflation that is just now starting to cool down. As inflation is improving, the Federal Reserve is taking action.