SUMTER, S.C. — Sumter Police say one person is in custody after a Friday morning shooting outside a fast-food restaurant. A police spokesperson said officers responded to the Burger King near ...

A shots fired call at a local fast-food restaurant last Friday has led to ... officers with the Sumter Police Department said ...

On Sept. 18, 2024, the Federal Reserve cut rates for the first time in over four years, lowering the target federal funds range by half a percentage point, or 50 basis points, to 4.75% to 5.00%.

Now that the Federal Reserve has cut its federal funds rate, rates on these borrowing products are declining further. That said, it's difficult to time interest rates with precision. As homebuyers ...

In the early 2000s, markets were just recovering from the dot-com bubble burst. “The Fed cut rates to stimulate the economy, so we saw savings account rates drop well below a 2% rate for several ...

The probability of a rate cut come September has jerked higher since the end of May. Around 78% of investors expect the Fed to cut rates in the month, according to the overnight index swaps, a ...

But September brought a shift when the Federal Reserve cut rates for the first time in 2024. This helped push mortgage rates down for a short while, and more changes could be coming soon.

(Photo by Win McNamee/Getty Images) Interest rates are expected to move lower in 2025. The question is: How much lower? There are two motivations for the Federal Open Market Committee to cut rates.

The Federal Reserve announced a policy decision to cut interest rates by 0.5% on September 18. This decision was accompanied by FOMC member forecasts, which reflect expectations of additional Fed ...

25% to the 5% to 5.25% range. It's also possible that the Fed decides to make a larger rate cut of .50%, which would leave the rate in the 4.75% to 5% range. The 12-month inflation rate is ...

Mortgage rates have jumped higher in recent weeks — an ugly surprise for would-be homebuyers who were hoping the Federal Reserve’s outsize rate cuts last month would provide relief. The ...

After waiting years for interest rate cuts from the Federal Reserve, in the hopes that they would aid in lowering mortgage rates, homebuyers are now facing even higher mortgage rates. This comes ...