The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB4 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 is set to cut interest rates for the first time in 4 years
WEB3 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. ... And they now expect the unemployment rate to rise further this year, to 4.4%, from 4.2% now, and to remain there ...
What you should know after the Fed cut rates | AP News
WEB4 days ago · On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. The central bank is acting because, after imposing 11 rate hikes dating back to March 2022, it feels confident that inflation is finally mild enough that it can ...
Fed Announces Big Rate Cut - The New York Times
WEB4 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 ...
How Will Interest Rate Cut Impact Election? Here’s What To Know As Fed ...
WEB5 days ago · The Fed’s rate-setting committee lowered the federal funds rate Wednesday from 5.25% to 5.5% down to 4.75% to 5%, a 50 basis point reduction that sat on the high end of consensus estimates. The ...
What to know as the Federal Reserve gets set to cut interest rates …
WEB4 days ago · Here's what to know. Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on ...
A Fed rate cut is coming. How big is anyone's guess. - NBC News
WEB4 days ago · Sept. 17, 2024, 12:50 PM PDT. By Rob Wile. The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower ...
The Fed is finally about to cut interest rates. What took so long?
WEB6 days ago · Washington CNN — It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for...
Investors price in growing chance of another Federal Reserve …
WEBApr 23, 2024 · Options markets now suggest a roughly one in five chance of a US rate increase within the next 12 months, up sharply from the start of the year, according to analysts. The shift in expectations...
Fed officials signal just one interest rate cut before end of 2024
WEBJun 12, 2024 · US Federal Reserve officials have signalled that they expect to cut interest rates just once this year, taking a hawkish stance on inflation as they held borrowing costs at a 23-year high.