In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.

The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick.

The Federal Reserve just cut interest rates, but don't get used to falling borrowing costs: they're likely to stay where they are for at least the next couple of months.

On Wednesday, the Federal Reserve announced its third interest rate cut of 2024. When the Fed pivoted to cutting interest rates this fall because of cooler inflation, many prospective homebuyers thought mortgage rates would immediately come down.

The report comes two days after the Federal Reserve moved up its 2025 inflation projection and moved down its 2025 rate cut forecast, concerning Wall Street.

The Federal Reserve cut its influential federal funds rate on Wednesday, but signaled it may be the last cut for a while. Here's what financial planners recommend you do with your money.

The Fed's December rate decision reflects growing confidence in the economy's trajectory and the continued moderation of inflation pressures, despite an uptick in the inflation rate over the last few months.

These are today's mortgage and refinance rates. Mortgage rates are higher following the latest Fed meeting, and they may not drop as much next year.