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The latest personal consumption expenditures price index figures boost the chances of the Fed cutting rates over the coming months.

While this is bad news for savers (rates on savings accounts and certificates of deposit will certainly decline), it's great news if you need to borrow money. After all, a few different types of loans will likely become cheaper as the Fed continues to cut rates over time. Here's what you can expect.

In sum, ConocoPhillips has sizable operational and financing capital commitments -- namely buybacks, dividends, operating expenses, and capital expenditures. Lower interest rates make borrowing costs cheaper, which allows ConocoPhillips to refinance debt if needed or take on new debt at a lower rate.

The Federal Reserve's expected to cut rates this week, but will it make a difference to Americans? Here's what you need to know about a Fed rate cut.

(Reuters) - St. Louis Federal Reserve Bank President Alberto Musalem on Friday said the U.S. central bank should cut interest rates "gradually" after what he called the "strong and clear message" of a half-point interest-rate cut last week, which he said he supported.

Last November, the 30-year mortgage rate approached 8%. After the Federal Reserve cut interest rates on September 18, it’s approaching 6%.

A top Federal Reserve official said the US central bank should revert to cutting interest rates “gradually”, after a larger than usual half-point reduction earlier this month. St Louis Fed president Alberto Musalem said the US economy could react “very vigorously” to looser financial conditions,

The Federal Reserve announced an interest rate policy decision to cut interest rates by 0.5% on September 18. This decision was accompanied by FOMC member forecasts.

The Federal Reserve cut interest rates by half a percentage point on Wednesday, even as U.S. stocks traded near record highs. This unexpected move has investors looking to history for clues about what might happen next in the markets.