We finally got a rate cut. Here’s what history says will happen next
WEB7 hours ago · For instance, a year after the Fed cut rates in July 1995, the unemployment rate was unchanged at 5.5%. And the unemployment rate was actually lower in September 1999 compared to September 1998 ...
Minneapolis Fed President Kashkari sees a slower pace of rate …
WEB6 hours ago · In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Other Fed officials, however, offered ...
America’s home affordability crisis has a solution. Lower rates isn’t ...
WEB12 hours ago · Mortgage rates have already begun to fall in anticipation of the Fed’s rate-cutting cycle. The standard 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, according to ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB4 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 ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB5 days ago · 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 inflation...
Fed to go big on first rate cut, traders bet | Reuters
WEB6 days ago · Futures tied to the Fed policy rate as of Tuesday mid-morning implied about a two-in-three chance of a bigger cut, versus a one-in-three chance of the more moderate 25 basis-point reduction still ...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · 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 estimated.
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.
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 3, 2023 · The Federal Reserve raised interest rates by a quarter of a point, its 10th straight increase, as inflation remains stubbornly high. The increase may be its last for now, as policymakers suggest...
Federal Reserve Meeting Fed Raises Rates Again
WEBJul 26, 2023 · Policymakers increased interest rates by a quarter point, to the highest level in 22 years. They also left the door open for further increases, as they continue the fight against rapid inflation.