Fed Cuts Interest Rates for First Time in Four Years - The New …
WEB6 days ago · 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 last released ...
The Federal Reserve cuts interest rates for first time since 2020
WEB5 days 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 ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest …
WEB5 days ago · That was the first dissent from a Fed governor since 2005. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that ...
Fed Announces Big Rate Cut - The New York Times
WEB6 days 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 ...
Fed cuts rates by a half point at September 2024 meeting
WEB5 days ago · Federal Reserve cuts rates by 50 basis points. WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB5 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 12:47 PM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB5 days ago · Mortgage rates were already falling ahead of the Federal Reserve’s expected interest rate cut. The average 30-year fixed mortgage rate fell to 6.20% last week , the lowest level since February 2023.
Fed cuts interest rates by half-point, first trim in years - The ...
WEB5 days ago · The Federal Reserve cut interest rates Wednesday by a half-point, turning the page on an era of dangerously high inflation and marking a major shift at the central bank that could bring relief for ...
Fed Meeting, Sept. 18, 2024: Stocks Edge Lower After Fed …
WEB6 days ago · Sep. 18, 2024 at 8:46 PM EDT. U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had ...
The Fed Suggested That Rate Cuts Could Come Soon
WEBJul 31, 2024 · The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon.