The Federal Reserve cuts interest rates for first time since 2020
WEB1 day 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.
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB1 day 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 that helped tame inflation but also made borrowing painfully expensive for consumers. ... The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846 ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB2 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 ...
Fed unveils oversized rate cut as it gains 'greater confidence' …
WEB2 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 ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB1 day ago · 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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB1 day ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
Fed Meeting Today: Traders Brace for Rate Cut, Await Dot Plot
WEB2 days ago · The Federal Reserve lowers interest rates by 50 basis points in first cut since 2020. Explore Our Brands ... Markets Coverage The latest news & analysis. Fed Rate Cut. Inflation. Streetwise ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day 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 ...
Inflation Remains Subdued, as Fed Preps Rate Cut
WEBSep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than...
Fed Keeps Rates Steady and Forecasts Only One Cut This Year
WEBJun 12, 2024 · Federal Reserve officials left interest rates unchanged in their June decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign that they plan to be...