While the Fed was practically guaranteed to cut rates at that Sept. 17-18 meeting ... s benchmark rate now sits between 4.75 and 5 percent. The 30-year mortgage rate is at 6.12 percent, according ...

called on the Fed to make a 75-basis-point emergency cut in the next week and an additional federal funds rate cut at its Sept.17-18 meeting . As of today, traders are projecting a 60% chance of ...

Not a bit. Not cutting rates is what would have been political. On Wednesday, the Fed’s rate-setting Federal Open Market Committee cut the target range for the federal funds rate — the short ...