A Federal Reserve announcement of potential future interest rate cuts rallied all three major stock indexes to one-year highs on Wednesday.
Rate cuts would carry benefits for many consumers — but not all, experts said.
The Dow Jones Industrial Average soared to record highs this week as mortgage rates drop below 7%, a good sign for the economic outlook for the year ahead.
The Dow Jones Industrial Average soared to record highs this week as mortgage rates drop below 7%, a good sign for the economic outlook for the year ahead.
The Dow Jones Industrial Average soared to record highs this week as mortgage rates drop below 7%, a good sign for the economic outlook for the year ahead.
The Dow Jones Industrial Average soared to record highs this week as mortgage rates drop below 7%, a good sign for the economic outlook for the year ahead.
A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday — and the enthusiasm owed little to what the central bank actually did.
In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate cuts next year. The move would start to reverse a near-historic string of rate increases that has sent borrowing costs soaring.
The anticipated interest rate cuts would deliver relief for many consumers — but not all of them, financial experts .
Rate cuts would ease the burden on borrowers for everything from home mortgages to credit cards to cars, making it cheaper to get a loan or refinance one.
