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The Federal Reserve cut its benchmark by a quarter point. Here’s what that means for the borrowing and savings rates you pay.

The Federal Reserve cut its benchmark by a quarter point. Here’s what that means for the borrowing and savings rates you pay.

• Prior range was 4.25-4.50%
• Miran voted for 50 bps
• No other dissents
• Repeats that activity moderated in the first half
• Adds that ‘job gains have slowed’ and removes that unemployment ‘remains low’ to say it ‘edged’
• Fed median forecast shows two more cuts this year but end-2026 and beyond forecasts unchanged
• Statement says ‘inflation has moved up and remains somewhat elevated’ vs ‘inflation remains somewhat elevated’ prior

The lack of other dissents is partly notable as Weller or Bowman could have stepped out along with Miran. It sends a message of unity aside from Miran, which isn’t a surprise.

Ahead of the decision, the market was fully priced for a 25 bps cut with just a 3% implied chance of a 50 bps surprise. For October, the market was priced at 79% for a second 25 bps cut and for year end, 66.9 bps in total easing was priced in. Looking deeper out the curve, a full 125 bps was priced in at the July 2026 meeting.

USD/JPY was trading at 146.29 ahead of the decision, 2-year yields were at 3.543% and 30s were at 4.65%. The S&P 500 was trading down 7 points to 6599, gold was at $3689 and bitcoin was at $116,092.

Immediately after the decision, USD/JPY has fallen to 145.65, two year yields are down to 3.476% and 30s are at 4.61%. The S&P 500 is now down 2 points to 6603 after an initial pop faded, gold touched a record $3700 for the first time and bitcoin has dipped to $115,877.

This article was written by Adam Button at investinglive.com.

• Prior range was 4.25-4.50%
• Miran voted for 50 bps
• No other dissents
• Repeats that activity moderated in the first half
• Adds that ‘job gains have slowed’ and removes that unemployment ‘remains low’ to say it ‘edged’
• Fed median forecast shows two more cuts this year but end-2026 and beyond forecasts unchanged
• Statement says ‘inflation has moved up and remains somewhat elevated’ vs ‘inflation remains somewhat elevated’ prior

The lack of other dissents is partly notable as Weller or Bowman could have stepped out along with Miran. It sends a message of unity aside from Miran, which isn’t a surprise.

Ahead of the decision, the market was fully priced for a 25 bps cut with just a 3% implied chance of a 50 bps surprise. For October, the market was priced at 79% for a second 25 bps cut and for year end, 66.9 bps in total easing was priced in. Looking deeper out the curve, a full 125 bps was priced in at the July 2026 meeting.

USD/JPY was trading at 146.29 ahead of the decision, 2-year yields were at 3.543% and 30s were at 4.65%. The S&P 500 was trading down 7 points to 6599, gold was at $3689 and bitcoin was at $116,092.

Immediately after the decision, USD/JPY has fallen to 145.65, two year yields are down to 3.476% and 30s are at 4.61%. The S&P 500 is now down 2 points to 6603 after an initial pop faded, gold touched a record $3700 for the first time and bitcoin has dipped to $115,877.

This article was written by Adam Button at investinglive.com.

InterNations conducted the Expat Insider 2025 survey from February 1 to February 28, 2025 and ranked 46 countries.

Jim Cramer’s recent conversation with CrowdStrike’s George Kurtz ought to be persuasive.

Eli Lilly said orforglipron was better at lowering blood sugar levels than Novo Nordisk’s oral semaglutide, and helped patients lose more weight.

• A meeting by meeting basis has proven successful.
• With the current monetary policy stance ECB is well positioned to respond to unexpected changes.
• In contrast to growth effects of the US tariffs, the price effects in the euro area are less clear. Overall tariffs could even have a slightly inflation dampening effect through the effects on exchange rates.

Will the Fed cut and signal a meeting by meeting path forward? The market is expecting more.

Meanwhile, Jamie Dimon thinks the Fed should be independent and expects them to cut rates. He has been calling for slower growth.

US stocks remain mixed with the Dow industrial average up 0.49%. The S&P down -0.13% and the NASDAQ index down -0.39%.

This article was written by Greg Michalowski at investinglive.com.

• A meeting by meeting basis has proven successful.
• With the current monetary policy stance ECB is well positioned to respond to unexpected changes.
• In contrast to growth effects of the US tariffs, the price effects in the euro area are less clear. Overall tariffs could even have a slightly inflation dampening effect through the effects on exchange rates.

Will the Fed cut and signal a meeting by meeting path forward? The market is expecting more.

Meanwhile, Jamie Dimon thinks the Fed should be independent and expects them to cut rates. He has been calling for slower growth.

US stocks remain mixed with the Dow industrial average up 0.49%. The S&P down -0.13% and the NASDAQ index down -0.39%.

This article was written by Greg Michalowski at investinglive.com.

Despite headlines about rising ticket prices, Michael Rapino argued that concerts are still underpriced compared to sporting events.