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.
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB1 day 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 …
Fed Cuts Interest Rates for First Time in Four Years - The New …
WEB2 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 ... - 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 ...
What the first interest rate cut in 4 years means for the Fed’s
WEB1 day ago · What the first interest rate cut in 4 years means for the Fed’s fight against inflation. The Federal Reserve cut interest rates for the first time in four years with an aggressive move that ...
What to know as the Federal Reserve gets set to cut interest rates …
WEB2 days ago · Here's what to know. Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on ...
After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength
WEB17 hours ago · The president previewed his forthcoming speech in a post on X on Wednesday, shortly after the Fed announced its interest-rate decision. “We just reached an important moment: Inflation and ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB1 day ago · The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
First interest rate cut in 4 years likely as ... - Associated Press News
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.
Fed Keeps Rates Steady and Forecasts Only One Cut This Year
WEBJun 12, 2024 · Federal Reserve officials left interest rates unchanged in their June decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign that they plan to be...
Skip to content