While borrowers may be hoping that the Fed's latest move helps to lower mortgage rates, the Federal Reserve's 25 basis point rate cut is unlikely to lead to a dramatic drop. Here's why ...
LONDON, Dec 12 (Reuters) - The euro fell marginally on Thursday, while shares pared earlier losses after the European Central Bank cut interest rates by 25 basis points to 3%, as expected.
The Federal Reserve cut its policy rate by 25 basis points, or a quarter of a percentage point, and signaled a much slower pace of cuts in 2025. The Fed penciled in 50 basis points of cuts in 2025 in ...