Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEB6 days ago · 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 from...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB6 days ago · 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...
The Federal Reserve cuts interest rates for first time since 2020
WEB6 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 Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 · 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.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 · 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 ...
WEB6 days ago · Key points. The Federal Reserve slashed its benchmark interest rate by half a percentage point, the first and the biggest cut since March 2020 when COVID-19 was hammering the economy. The cut amounts to a declaration of victory over inflation, which has come down from a peak of 9.1% in June 2022 to 2.5% last month.
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEBSept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 12:47 PM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that...
Federal Reserve Meeting: Fed Raises Rates Again - The New York Times
WEBJul 26, 2023 · Officials pushed rates to a range of 5.25 to 5.5 percent, their highest level since 2001, while leaving the door open to further rate increases in the statement announcing their unanimous...
What you should know after the Fed cut rates | AP News
WEB6 days ago · Updated 12:05 PM PDT, September 18, 2024. NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half ...