Fed Announces Big Rate Cut - The New York Times
WEB16 hours ago · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision ...
WATCH: Federal Reserve Chair Powell speaks after Fed …
WEB16 hours ago · WATC H: Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’. In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has ...
Fed goes big with interest rate cut in a bid to head off an ... - NBC News
WEB22 hours ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB1 day ago · Investors are betting the Fed will cut rates either a quarter or half percentage point. Evelyn Hockstein/Reuters. By Jeanna Smialek. Sept. 18, 2024, 5:04 a.m. ET. Federal Reserve officials are ...
The Fed is set to cut interest rates for the first time in 4 years
WEB21 hours ago · Updated 3:35 AM PDT, September 18, 2024. WASHINGTON (AP) — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election.
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB13 hours ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB20 hours ago · Aaron M. Sprecher/AP. It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both ...
One Fed Official Dissents on Fed Rate-Cut - The Wall Street Journal
WEB13 hours ago · Federal Reserve Governor Michelle Bowman dissented against Wednesday’s decision for a half percentage point interest-rate cut in favor of a smaller quarter-point cut. Bowman, who was appointed ...
Federal Reserve issues FOMC statement
WEB1 day ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
First interest rate cut in 4 years likely as the Federal Reserve …
WEBJul 31, 2024 · WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday set the stage for the central bank’s first rate cut in four years, citing greater progress toward lower inflation as well as a cooler job market that no longer threatens to overheat the economy.