The Fed just announced a jumbo-sized interest rate cut
WEB2 days ago · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB23 hours ago · Some of the Fed’s decision to make a large rate cut this week was rooted in the job market — unemployment has ticked up to 4.2 percent, up notably from a low of 3.4 percent last year, and ...
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 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 ...
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 ...
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 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
Fed cuts interest rates by half-point, first trim in years - The ...
WEB3 days ago · September 18, 2024 at 6:00 a.m. EDT. The Federal Reserve is poised to cut interest rates Wednesday for the first time since the pandemic’s early days, turning the page on an era of dangerously ...
Fed cuts rates by a half point at September 2024 meeting
WEB2 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 ...
Fed Cuts Rates by Half Percentage Point - WSJ - The Wall Street …
WEB2 days ago · Eleven of 12 Fed voters backed the cut, which will bring the benchmark federal-funds rate to a range between 4.75% and 5%. Quarterly projections released Wednesday showed a narrow majority of ...