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States will have to start paying a portion of SNAP benefit costs if their error rates exceed a level set in the One Big Beautiful Bill Act (OBBBA). Most states ...

Federal Reserve rate decisions are taken by a 12-member rate-setting committee, known as the FOMC or Federal Open Market Committee. That is made up of the Fed chair and six other presidentially ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While each of the recent rate reductions has slowly chipped away at ...

Odds of a rate cut before June perked up after the November jobs report featured higher-than-expected unemployment. Traders see a 26.6% chance of a cut at the Fed’s January meeting, which was up from ...

Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back ...

U.S. stocks were set to open mixed on Thursday as earnings from software and cloud-computing company Oracle sparked concerns about the artificial-intelligence trade. That looked to be offsetting the ...

Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark ...

The FOMC cut the federal funds rate by a quarter-point, but that's unlikely to cause 30-year mortgage rates to fall by the same amount. The December rate cut might be advantageous for builders and ...

Wednesday's decision to reduce the benchmark federal-funds rate by a quarter point—to between 3.5% and 3.75%, a three-year low—is aimed at protecting against a sharper-than-anticipated slowdown in ...

Fed Chair Powell’s hawkish rhetoric on rates in October, gave Morgan Stanley’s economists a bum steer. His message back then that another cut was far from a foregone conclusion persuaded Morgan ...

For savers, falling interest rates will continue to erode attractive yields currently on offer with certificates of deposit (CDs) and high-yield savings accounts. Three of the big five banks (Ally, ...