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Here's where you can still score a 6% APY, and higher, on your savings - as the Fed cuts rates for the first time in 4 years MarketWatchKey takeaways from the Fed's decision to deliver a jumbo-sized interest rate cut CNNFed's jumbo rate cut signals recalibration for America Axios
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The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday's gain put the index in range of a closing record.
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Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
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Jumbo Fed rate cut sparks global market rally Reuters
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Will the Fed's rate cut bring down mortgage rates? Fox BusinessThe Fed's rate cuts could have unintended consequences for the housing market CNNDoes the Big Fed Cut Make Refinancing Worth It? The Wall Street JournalMortgage rates plunge to 2-year low: Should you lock a rate now? CBS News
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