Fed cuts interest rates by 50 basis points - USA TODAY
WEB4 days ago · Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, Fed policymakers penciled in the equivalent of four more quarter-point cuts next year and another ...
Fed Announces Big Rate Cut - The New York Times
WEB4 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 ...
What the Federal Reserve rate cut means for the housing market
WEB3 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 Fed Makes a Large Rate Cut and Forecasts More to Come
WEB4 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 ...
How Much Will the Fed Cut Interest Rates? | Morningstar
WEB3 days ago · But we expect Fed officials to deliver hefty cuts over the next two years and bring the federal-funds rate to 2.00% to 2.25% by year-end 2026. Longer-term interest rates, including the...
The Fed Went Big With Its First Rate Cut—Here's What
WEB4 days ago · Traders now see a more than 50% chance that the Fed will lower its federal funds rate target range by another 75 basis points to between 4% and 4.25% by the end of the year. With only two Fed ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB2 days 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 ...
US goes big with first interest rate cut in four years - BBC
WEBThe US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 ...
Federal Reserve foresees 3 rate cuts in 2024 despite bump in …
WEBMar 20, 2024 · WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · Washington CNN — The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously...