Federal Reserve lowers interest rates by 0.50 percentage points in ...
WEB2 days 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 ...
The Fed Just Made a Pivotal Rate Cut. What Will It Do Next?
WEB7 hours ago · The Fed's moves on rate cuts this week proved tricky enough that one of the policy committee members voted against the other 11, the first dissent since 2022. Fed governor Michelle Bowman ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB23 hours ago · The Fed Is Watching Jobs and Prices. A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions ...
What the Federal Reserve rate cut means for the housing market …
WEB2 days ago · Charlie Dougherty, a senior economist at Wells Fargo, expects mortgage rates to drop "marginally" after the Fed's rate cut on Wednesday. He and his colleagues forecast that the average rate on a ...
The Federal Reserve cuts interest rates for first time since 2020
WEB2 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 ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 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 ...
Federal Reserve goes big with half-point interest rate cut, its first ...
WEB3 days ago · The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023. The central bank also said it ...
Fed Announces Big Rate Cut - The New York Times
WEB3 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 ...
Elevated inflation will likely delay rate cuts this year, Fed's Powell ...
WEBApr 16, 2024 · WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Fed unveils oversized rate cut as it gains 'greater confidence' …
WEB3 days ago · US central bank kicks off easing cycle; Fed's policy rate lowered to 4.75%-5.00% range; Policymakers see another 50 basis points of cuts in 2024; Fed Governor Bowman dissents; preferred smaller cut