Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEB4 days ago · That was the first dissent from a Fed governor since 2005. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB5 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 Fed cuts key rate by half-point, signaling end to its inflation ...
WEB4 days ago · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers. The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market.
The Federal Reserve cuts interest rates for first time since 2020
WEB4 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.
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB2 days ago · Sept. 20, 2024. Having made their first interest rate cut in more than four years this week, Federal Reserve officials are keeping their options open as they try to figure out how rapidly to lower ...
Fed Meeting, Sept. 18, 2024: Stocks Edge Lower After Fed …
WEB5 days ago · Sep. 18, 2024 at 8:46 PM EDT. U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB4 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 Announces Big Rate Cut - The New York Times
WEB5 days ago · The S&P 500 and tech-heavy Nasdaq both closed roughly 0.3 percent lower, a modest drop, after rising earlier in the day on the news of the half-percentage rate cut.
Fed unveils oversized rate cut as it gains 'greater confidence' …
WEB5 days ago · The Fed had kept its policy rate in the 5.25%-5.50% range since last July, when it ended an 18-month rate-hike campaign that was meant to control a surge in inflation, which soared in 2022 to a 40 ...
Fed cuts rates by a half point at September 2024 meeting
WEB4 days ago · Over the past week, the odds had shifted to a half-point cut, with the probability for 50 basis points at 63% just before the decision coming down, according to the CME Group's FedWatch gauge. The ...
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