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Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Fed MBS Purchases Rise as Balance Sheet Shrinks 

Mar 13, 2009By

The Federal Reserve purchased $61.4 billion in mortgage-backed securities from government-sponsored entities Fannie Mae [stock FNM][/stock], Freddie Mac [stock FRE][/stock] and Ginnie Mae in the week ending March 11. The Federal Reserve Bank of New York, in reporting the details of the purchases Thursday, also announced the second weekly batch of coupon sales along with purchases.

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