The Latest Breaking News on The Fed cut rates for third time this year. Here’s what it means for mortgages

The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years

The Fed is clearly deeply divided. Three officials dissented, two in opposite directions.

The dollar index (DXY00 ) today is down by -0.18%. The dollar is weaker amid expectations that the Fed will cut the federal funds target range by -25 bp at the conclusion of today's FOMC meeting. The dollar extended its losses today after the US Q3 employment cost index rose...

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.26%. December E-mini S&P futures (ESZ25 ) are up +0.01%, and December...

March silver prices just hit a record high. Are they about to sell off?

Less than two months ago the market was predicting the cash rate would be at 3.35% but that by May next year a further cut to 3.1% was almost certain

Only in June does a plurality—41.9%—emerge on CME FedWatch for a further cut, to 3.25%.

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

The Federal Reserve will almost certainly reduce its key interest rate Wednesday, but the bigger question for financial markets and the economy is what signals Chair Jerome Powell may send regarding the central bank’s next steps