Federal Reserve Cuts Interest Rates for the Second Time

The Fed rate cut: What it means for your bank accounts, loans, credit cards, and investments

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The Federal Reserve announced a second consecutive quarter-point cut to short-term interest rates, bringing the federal funds rate range to 4.50-4.75%.  This decision follows an earlier rate cut and aims to adjust monetary policy based on current economic conditions.  The impact on Raisin, a fintech company, is indirect and depends on how the rate cut affects market conditions and consumer borrowing behavior.

Raisin

Federal Reserve set to cut interest rates for the first time in 4 years

Federal Reserve is set to cut interest rates for the first time in 4 years

The Federal Reserve is poised to cut its benchmark interest rate for the first time in over four years, signaling a shift in monetary policy aimed at supporting a weakening job market and fostering economic growth. This anticipated rate cut, which may be larger than usual, is expected to lower borrowing costs for consumers and businesses, potentially boosting spending and stock prices. Analysts predict that this could be the first of several cuts extending into 2025, reflecting the Fed's commitment to managing inflation and supporting economic stability.

Raisin CEO Tamaz Georgadze to Speak at Finance Forward 2024

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Tamaz Georgadze, CEO of Raisin, will participate in the Finance Forward event in Hamburg, where he will join other prominent figures in the fintech industry, including Valentin Stalf of N26 and Mario Schlosser of Oscar. The event will focus on building successful financial brands and integrating key trends like Artificial Intelligence.

Raisin's High Yield Savings Account and CD Offerings

CD and Savings Rates Today: Secure Top Rates

Raisin continues to offer competitive financial products with its High Yield Savings Account featuring an APY of 5.27% and a minimum opening balance of just $1. Additionally, the Ponce Bank 3 Month CD powered by Raisin offers an APY of 5.20% with the same low minimum balance requirement. These offerings position Raisin favorably in the current market of high-yield savings and CD accounts.

Raisin is a financial technology company that operates an online marketplace for savings and investment products. Raisin connects customers with banks across Europe, offering access to savings accounts with competitive interest rates.

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Raisin

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