Taylor Getler, NerdWallet
After sustaining a 23-year high for over a year, the Federal Reserve has elected to slash the federal funds target rate by half a point, dropping from a range of 5.25%-5.50% to 4.75%-5%.
kAm{6?56CD 2?E:4:A2E65 E92E E96 u65 H@F=5 >@G6 E@ =@H6C C2E6D 3J D@>6 568C66[ 2?5 3682? 25;FDE:?8 >@CE8286 C2E6 @776CD 29625 @7 E96 $6AE6>36C `f\`g >66E:?8i #2E6D 76== ab 32D:D A@:?ED :? E96 H66< 6?5:?8 $6AE6>36C `a] Wp 32D:D A@:?E :D @?6 @?6\9F?5C65E9 @7 2 A6C46?E286 A@:?E]X %9:D >62?D E92E 9@>6 D9@AA6CD H9@ DE:== 7:?5 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^>@CE8286D^9@H\>F49\9@FD6\42?\:\277@C5nFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7QmE@52J’D C2E6D @FE @7 3F586Ek^2m D9@F=5?’E 6IA64E >@C6 E92? >@56DE 5C@AD :? E96 4@>:?8 52JD]k^Am
People are also reading…
- A year after Trump's DOGE cuts, workers whose lives were upended question what was saved
- Report: Iowa native Cyclone Aili Tanke planning on entering transfer portal
- What Iowa State star Addy Brown said in transfer portal announcement
- What Iowa State's Milan Momcilovic said about future after Tennessee game
- Former reality TV star Jessie Holmes repeats as champion of the grueling Iditarod sled dog race
- Iowa upsets Florida, advances to first Sweet 16 since 1999
- Key moments from Iowa State's win against Tennessee State in NCAA Tournament
- Iran rejects US ceasefire plan, issues its own demands as strikes land across the Mideast
- Cyclones lose to Arizona State, go one-and-done in Big 12 Tournament
- Iowa State's three key freshmen say they're returning. What it means for next season
- Newly discovered photos show astronaut Neil Armstrong after the Gemini 8 emergency
- 2026 Infinity Insurance Review
- Sweet 16 Rewind: Looking back on Iowa's last Sweet 16 appearance, last win
- Iowa State's TJ Otzelberger shoots down coaching speculation
- Watch: Iowa, Florida react to Hawkeyes' stunning upset
k9am(9J E96 u65 :D >@G:?8 BF:4<=J ?@Hk^9am
kAm%96 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^765\>@CE8286\C2E6DnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7Qmu65 92D 96=5 C2E6D DE625Jk^2m 7@C E96 A2DE `c >@?E9D :? 2? 677@CE E@ 4@?EC@= :?7=2E:@?] #646?E 52E2 D9@HD E92E E96 64@?@>J :D >@G:?8 E@H2C5 46?EC2= 32?<6CD’ E2C86E :?7=2E:@? C2E6 @7 aT — E96 =2E6DE r@?DF>6C !C:46 x?56I Wr!xX C6A@CE[ 2 3C@25 >62DFC6 @7 AC:46 492?86D 7@C 8@@5D 2?5 D6CG:46D :? E96 &]$][ D9@HD E92E :?7=2E:@? D=@H65 E@ a]dT :? pF8FDE[ 5@H? 7C@> a]hT :? yF=J 2?5 bT :? yF?6]k^Am
kAm%9:D 52E2 2=@?6 >2J 92G6 ;FDE:7:65 2 D@7E6C 4FE @7 ad 32D:D A@:?ED E@ <66A :?7=2E:@? @? 2 5@H?H2C5 EC2;64E@CJ] w@H6G6C[ ;@3 8C@HE9 4@?E:?F65 E@ D=@H :? pF8FDE[ 2?5 2 72:C=J H62< yF=J ;@3D C6A@CE D9@H65 E96 C2E6 @7 F?6>A=@J>6?E 9:EE:?8 2 E9C66\J62C 9:89] &?6>A=@J>6?E :D 2 =625:?8 D:8? @7 C646DD:@?[ 2?5 E96 u65’D 564:D:@? E@ C65F46 C2E6D 3J d_ 32D:D A@:?ED :?5:42E6D E92E 6>A=@J>6?E >2J 92G6 ?@H 64=:AD65 :?7=2E:@? 2D E96 u65’D 49:67 4@?46C? 7@C E96 64@?@>J]k^Am
kAm(9:=6 E9:D :D 8@@5 ?6HD 7@C >@CE8286 D9@AA6CD 9@A:?8 E@ D4@C6 2 =@H6C :?E6C6DE C2E6[ E96 u65’D 288C6DD:G6 >@G6 >2J C67=64E 2? 677@CE E@ 9@=5 @77 “>@C6 C2A:5=J 56E6C:@C2E:?8 =23@C >2C<6E 4@?5:E:@?D 2?5 H62<6?:?8 @7 E96 64@?@>J[” D2:5 $6=>2 w6AA[ 49:67 64@?@>:DE 2?5 D6?:@C G:46 AC6D:56?E 2E E96 9@FD:?8 52E2 AC@G:56C r@C6{@8:4]k^Am
kAm{2HC6?46 *F?[ 49:67 64@?@>:DE 2E E96 }2E:@?2= pDD@4:2E:@? @7 #62=E@CD W}p#X[ D2:5 E92E E96 u65’D 49@:46 4@F=5 36 E96 C6DF=E @7 3@E9 A@D:E:G6 2?5 ?682E:G6 724E@CD] x7 2? F?DE625J ;@3 >2C<6E :D E96 u65’D AC:>2CJ >@E:G2E:@?[ :E 4@F=5 >62? E92E 46?EC2= 32?<6CD D66 E96 A@DD:3:=:EJ @7 2 C646DD:@?] ~? E96 @E96C 92?5[ :E 4@F=5 36 2 8@@5 D:8? “:7 E96 u65 92D 2 D@=:5 36=:67 E92E :?7=2E:@? :D 4@?BF6C65[ 6G6? 2D r!x C6>2:?D 2E a]dT]”k^Am
k9am|@CE8286 C2E6D 92G6 7FCE96C C@@> E@ 72== W3FE 9@>6 AC:46D H:== C:D6Xk^9am
kAmu2==:?8 :?E6C6DE C2E6D 2C6 =:<6=J E@ D:8?2= 492?86D 24C@DD E96 9@FD:?8 >2C<6E] uC655:6 |24’D pF8FDE a_ac ~FE=@@< AC@;64ED E92E E96 =23@C >2C<6E H:== 4@?E:?F6 E@ H62<6? :?E@ a_ad] x? E9:D D46?2C:@[ uC655:6 |24 @FE=:?6D E96 AC@323:=:EJ E92E >@CE8286 C2E6D H:== EC6?5 5@H?H2C5 :? E96 4@>:?8 >@?E9D[ =625:?8 E@ 2 “D:8?:7:42?E DFC86 :? 56>2?5[ >2:?=J 7C@> E96 7:CDE\E:>6 9@>6 3FJ6CD =67E 2E E96 >2C8:?D[” 2D H6== 2D 2 D>2== FAE:4< :? 9@FD:?8 :?G6?E@CJ 2D E96 k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^E96\AC@A6CEJ\=:?6\>2J\a_aanFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7QmC2E6 =@4<\:? 67764Ek^2m =@@D6?D D@>6H92E]k^Am
kAm(:E9 2? :?7=FI @7 3FJ6CD 2?5 :?G6?E@CJ C6>2:?:?8 E:89E[ 9@>6 AC:46D 2C6 6IA64E65 E@ C:D6 a]`T :? a_ac 2?5 _]eT :? a_ad] u2??:6 |26’D pF8FDE 64@?@>:4 56G6=@A>6?E C6A@CE AC@;64ED E92E >@CE8286 C2E6D H:== 2G6C286 eT :? a_ad]k^Am
kAm(9:=6 u65 H2E496CD 2C6 >@DE=J :?4=:?65 E@ 36=:6G6 E92E 2?@E96C 4FE H:== 4@>6 2E E96 }@G6>36C e\f >66E:?8[ 2?J 564:D:@? 3J 46?EC2= 32?<6CD H:== 36 :?7@C>65 3J EC6?5D :? ?6H 64@?@>:4 52E2 2D :E 6>6C86D] ~?6 r!x C6A@CE 2?5 EH@ ;@3D C6A@CED H:== 36 C6=62D65 36EH66? ?@H 2?5 E96?[ 2?5 H92E E96J C6G62= 23@FE E96 C2E6D @7 :?7=2E:@?[ F?6>A=@J>6?E 2?5 ;@3 8C@HE9 H:== 36 2 >2;@C :?5:42E@C @7 H96? 2?5 9@H E96 u65 >2J 49@@D6 E@ D9:7E C2E6D]k^Am
k9amw@H 9@>6 3FJ6CD 42? >@G6 7@CH2C5k^9am
kAm|2C<6E EC256CD H6C6 5:G:565 @G6C AC65:4E:@?D @7 H92E 46?EC2= 32?<6CD H@F=5 5@ :? E96 52JD =625:?8 FA E@ E9:D $6AE6>36C >66E:?8] %9@D6 4FCC6?E=J D9@AA:?8 7@C 2 >@CE8286 D9@F=5 C6>6>36C E92E k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^4FCC6?E\:?E6C6DE\C2E6DnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7Qm>@CE8286 C2E6Dk^2m H:== 4@?E:?F6 C6DA@?5:?8 E@ 6IA64E2E:@?D @7 H92E E96 u65 H:== 5@[ C2E96C E92? H2:E:?8 7@C 46?EC2= 32?<6CD E@ E2<6 24E:@?] x7 255:E:@?2= C2E6 4FED 2C6 6IA64E65[ H6 4@F=5 D66 >@CE8286 C2E6D 72== 6G6? 7FCE96C 367@C6 E96 }@G6>36C >66E:?8]k^Am
kAm%96C6’D ?@ A6C764E H2J E@ E:>6 E96 >2C<6E[ 2?5 3FJ6CD 9@=5:?8 @FE 7@C >@CE8286 C2E6D E@ 9:E E96:C =@H6DE A@:?E H:== 92G6 E@ 4@?E6?5 H:E9 8C62E6C 4@>A6E:E:@? 2?5 9:896C 9@>6 AC:46D] (9:=6 :E’D F?56CDE2?523=6 E@ H2?E E@ 86E E96 36DE 562=[ E96 “C:89E E:>6 E@ 3FJ” :D 56E6C>:?65 3J A6CD@?2= 724E@CD 2D >F49 2D 64@?@>:4 @?6D]k^Am
kAmx7 J@F 42? 277@C5 E@ >@G6 7@CH2C5 H:E9 J@FC 9@>63FJ:?8 A=2?D ?@H 2?5 H2?E E@ E2<6 25G2?E286 @7 C67:?2?4:?8 =2E6C[ J@F 42? 36?67:E 7C@> DEC2E68:42==J <66A:?8 J@FC 4=@D:?8 4@DED 2D =@H 2D A@DD:3=6[ D:?46 J@F’== 92G6 E@ A2J E96> 282:? H96? C67:?2?4:?8] u@C 6I2>A=6[ :7 J@F’C6 9@A:?8 E@ C67:?2?46 :? E96 ?6IE J62C @C D@[ :E H@F=5?’E >2<6 D6?D6 E@ k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^5:D4@F?E\A@:?EDnFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7QmA2J 7@C A@:?EDk^2m E92E =@H6C J@FC >@CE8286 C2E6 2E 4=@D:?8 C:89E ?@H]k^Am
kAmw@H6G6C[ H9:=6 :E 42? 36 FD67F= E@ k2 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^9@H\E@\C67:?2?46\J@FC\>@CE8286nFE>042>A2:8?l4E0AC@5U2>AjFE>04@?E6?El`ebagefU2>AjFE>0>65:F>lCDDU2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0E6C>l=66Q C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7QmE9:?< 23@FE J@FC C67:?2?4:?8 A=2?Dk^2m H96? 4@?D:56C:?8 J@FC 4=@D:?8 @AE:@?D[ :E’D ?@E C64@>>6?565 E92E J@F 4@>>:E E@ 2 >@CE8286 J@F 42??@E 4@>7@CE23=J 277@C5 H:E9 2? 6IA64E2E:@? E92E J@F’== C67:?2?46 =2E6C] %96 =24< @7 4@?D6?DFD 2>@?8 :?5FDECJ 6IA6CED 8@:?8 :?E@ E9:D >66E:?8 D9@F=5 F?56CD4@C6 E96 724E E92E :E’D E@@ C:D<J E@ C6=J @? 2 4@?4C6E6 E:>6=:?6 @7 H96? C2E6D H:== 9:E J@FC DA64:7:4 E2C86E]k^Am
k5:G 4=2DDlQ?H\>@C6\7C@>\?6C5H2==6EQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ|@C6 uC@> }6C5(2==6EQ 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0>@C607C@>0?6C5H2==6EQmkAmkDEC@?8m|@C6 uC@> }6C5(2==6Ek^DEC@?8mk^AmkF=mk=:mk2 4=2DDlQ?H\=:?<Q E:E=6lQr@>A2C6 rFCC6?E |@CE8286 #2E6DQ 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^>@CE8286D^>@CE8286\C2E6DnFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66U2>AjFE>04@?E6?El`ebagefQ C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7Q 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`Qmr@>A2C6 rFCC6?E |@CE8286 #2E6Dk^2mk^=:mk=:mk2 4=2DDlQ?H\=:?<Q E:E=6lQw@H pC6 |@CE8286 #2E6D s6E6C>:?65nQ 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^9@H\2C6\>@CE8286\C2E6D\56E6C>:?65nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66U2>AjFE>04@?E6?El`ebagefQ C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7Q 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`Qmw@H pC6 |@CE8286 #2E6D s6E6C>:?65nk^2mk^=:mk=:mk2 4=2DDlQ?H\=:?<Q E:E=6lQxD xE 2 v@@5 %:>6 E@ qFJ 2 w@FD6nQ 9C67lQ9EEADi^^HHH]?6C5H2==6E]4@>^2CE:4=6^>@CE8286D^:D\:E\2\8@@5\E:>6\E@\3FJ\2\9@FD6nFE>042>A2:8?l4E0AC@5U2>AjFE>0D@FC46lDJ?5:42E:@?U2>AjFE>0>65:F>lCDDU2>AjFE>0E6C>l=66U2>AjFE>04@?E6?El`ebagefQ C6=lQ?@7@==@H ?@@A6?6CQ E2C86ElQ0D6=7Q 52E2\?H\4@>A@?6?E\EJA6\?2>6lQ{:?<Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H0=:?<Q 52E2\?H\EC24<\4=:4<lQ`Q 52E2\?H\EC24<\:>AC6DD:@?lQ`QmxD xE 2 v@@5 %:>6 E@ qFJ 2 w@FD6nk^2mk^=:mk^F=mk^5:Gm
k5:G 4=2DDlQ?H\2FE9@C\3@I\HAQ 52E2\?H\4@>A@?6?E\EJA6\?2>6lQpFE9@C q@I \ (!Q 52E2\?H\4@>A@?6?E\EJA6\D=F8lQ?H02FE9@C03@I0HAQmk5:G 4=2DDlQ?H\2FE9@C\3@I\HA\\:??6CQmkAm%2J=@C v6E=6C HC:E6D 7@C }6C5(2==6E] t>2:=i k2 9C67lQ>2:=E@iE86E=6Co?6C5H2==6E]4@>QmE86E=6Co?6C5H2==6E]4@>k^2m]k^Amk^5:Gmk^5:Gm
kA 4=2DDlQ?H\@C:8:?2==J\A@DE65\=:?<Qm%96 2CE:4=6 u65 rFED #2E6D 3J w2=7 2 !@:?Ej |@CE8286 #2E6D |2J u2== q6=@H eT @C:8:?2==J 2AA62C65 @? }6C5(2==6E]k^Am
