The bank has made some big moves since its sharp sell-off earlier this year. With the Federal Reserve cutting interest rates, is now the time to buy? Last month, the Federal Reserve reduced its benchmark interest rate by 50 basis points. It was the Fed's first interest rate cut since the pandemic hit in 2020, and it's a welcome relief to some of the more interest ratesensitive companies. New York Community Bancorp (NYCB 7.58%) is one bank welcoming those rate cuts. The bank has faced significant struggles t ...