The Fed has waited four years to cut rates. But it’s still a tough call ...
WEB1 day ago · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. ... Fed Chair Jerome Powell said in a news conference that the central bank is ...
Fed Announces Big Rate Cut - The New York Times
WEB2 days ago · The S&P 500 and tech-heavy Nasdaq both closed roughly 0.3 percent lower, a modest drop, after rising earlier in the day on the news of the half-percentage rate cut.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB2 days ago · By Karl Russell. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB1 day ago · The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, hoping to keep the U.S. from sinking into a recession sparked by fallout from ...
The Federal Reserve cuts interest rates for first time since 2020
WEB1 day ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022. “We’re ...
What the Fed’s Big Rate Cut Reveals About the Economy
WEB15 hours ago · Fed officials say they expect the prime lending rate to fall to roughly 3.4 percent by the end of next year, from about 4.9 percent today. But Powell played down the idea of another supersize cut ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB1 day 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 ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day 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 ...
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.
A Fed rate cut is coming. How big is anyone's guess. - NBC News
WEB2 days ago · Sept. 17, 2024, 12:50 PM PDT. By Rob Wile. The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower ...