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 lowers interest rates by 0.50 percentage ... - CBS News
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 Cuts Interest Rates for First Time in Four Years - The New …
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 ...
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 ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB3 days ago · After today’s meeting, the Federal Reserve has two more opportunities to consider interest rate moves in 2024. The remaining Fed meetings planned for 2024 are scheduled for Nov. 6-7 and Dec. 17 ...
Biden says Fed made 'declaration of progress' with interest rate …
WEB1 day ago · WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory,” Biden told the Economic Club of Washington, D.C.
Federal Reserve Meeting Fed Raises Rates Again
WEBJul 26, 2023 · Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle inflation lower by cooling the American economy.
Federal Reserve goes big with half-point interest rate cut ... - NBC News
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 ...
WATCH: Federal Reserve Chair Powell speaks after Fed announces interest …
WEB2 days ago · WATC H: Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’. In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has ...
Fed slashes interest rates by a half point, an aggressive start to its ...
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 ...