The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

The Fed, which kicks off its two-day policy meeting later today in Washington, has committed to lowering the cost of borrowing through its benchmark Federal Funds Rate, now that inflation pressures have peaked and the job market is showing signs of weakness heading into the final months of the year.

Following the Fed's 0.5% rate cut in September, mortgage rates went up, not down. Even though the central bank's policy decisions and economic outlook affect credit markets, the F

Jason Furman, former chairman of the Council of Economic Advisers, says he expects the Federal Reserve to cut rates again in December, but after that, the pace of cutting will slow down. He's on "." (

The Federal Reserve has issued another cut to its benchmark interest rate, but unfortunately for homebuyers, it won't translate to lower mortgage rates in the short term. As expected, the Fed cut its policy rate by a quarter-point on Thursday,

The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.

The Federal Reserve cut interest rates on Thursday for the second time in three months, likely setting the stage for a drop in borrowing costs.

The housing crisis is a genuine concern for younger generations, and many hoped that months of cooling inflation would drive down interest rates and mortgage rates. Lower mortgage