pwshub.com

Fed Cuts Interest Rates 0.50% to Head Off Risk of Rising Unemployment

Article updated on Sep 18, 2024

With two more cuts penciled in by the end of the year, we may finally get some relief from high interest rates.

Why You Can Trust CNET Money

Our Experts

Tiffany ConnorsCourtney Johnston

Written by 

Tiffany Connors

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

See full bio

Edited by 

Courtney Johnston

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Our Experts

Tiffany ConnorsCourtney Johnston

Written by 

Tiffany Connors

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

See full bio

Edited by 

Courtney Johnston

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Why You Can Trust CNET Money

Getty Images/Viva Tung/CNET

Tiffany Connors

Written by

Tiffany Connors

Editor

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

Source: cnet.com

Related stories
2 weeks ago - The sooner you open one of these top accounts, the more interest you stand to earn.
1 day ago - ATU Images / Getty Images Breaking news, 2 p.m. ET: The Federal Reserve cut interest rates by 0.50%. Experts predict CD...
1 month ago - If you want to earn more interest on your savings, you can still find accounts offering over 5% APYs.
10 hours ago - Following the Federal Reserve's 0.5% rate cut on Wednesday, mortgage rates are racing toward 6%.
12 hours ago - Some key mortgage rates declined. Lower mortgage rates could bring positive news to the housing market in 2024.
Other stories
36 minutes ago - The Indian government has approved $2.7 billion in new spending for its space program.
36 minutes ago - heard you like apps — Windows App replaces Microsoft Remote Desktop on macOS, iOS, and Android. Enlarge / The...
36 minutes ago - LinkedIn limits opt-outs to future training, warns AI models may spout personal data.
37 minutes ago - BUSTED — iServer provided a simple service for phishing credentials to unlock phones. Getty Images ...
1 hour ago - European regulators want Apple to open up device pairing, notifications and more to other companies' products.