Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 · 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.
Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEBSep 18, 2024 · 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...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 · The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against...
Live updates: First Fed rate cut since Covid | CNN Business
WEBSep 18, 2024 · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB3 days ago · Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEBSep 18, 2024 · The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB3 days ago · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome. “If the economy performs as expected, that would mean two more cuts this year,” both by …
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEBSep 18, 2024 · The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as...
Fed cuts interest rates by a half-point, more expected this year
WEBSep 18, 2024 · The Federal Reserve cut interest rates for the first time since the beginning of the pandemic, lowering borrowing costs by a half-point in a move that should bring relief to households and...
The Fed Suggested That Rate Cuts Could Come Soon
WEBJul 31, 2024 · The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon.