The best-laid plans often go awry, and that goes even for the Federal Reserve, whose rate-cut intentions were thrown for a loop by a surprisingly strong jobs report.Everything was expected to be straightforward after the Fed cut interest rates last month.

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.

Federal Reserve Bank of New York President John Williams said that it will be appropriate again for the central bank to reduce rates 'over time,' after September's big half percentage point rate cut,

The Federal Reserve recently cut rates for the first time in more than four years. But this could be just the beginning. Find out what you need to know.

Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less chance of further rate cuts.

With recent, stronger jobs data markets expect the remaining cuts of 2024 to be 0.25% moves as chance of 0.5% cut fades.

Mark Cabana, BofA global research head of US rates strategy, says the Federal Reserve will deliver a string of 25 basis point interest rate cuts through March of next year. Cabana also says a 10-year yield in the 4% to 4.

The Fed has already lowered interest rates once this year and is likely to do it again. Read on to see when that might happen -- and what it means for you.