Fed Announces Big Rate Cut - The New York Times
WEB1 day 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 cuts interest rates by 50 basis points - USA TODAY
WEB1 day ago · The mother of all interest rates is actually a range, and it has sat at 5.25% to 5.5% since July 2023, following a campaign of rate hikes to combat surging inflation. In response, rates on ...
Fed set to cut rates for first time in four years
WEB1 day ago · The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, hoping to keep the U.S. from sinking into a recession sparked by fallout from ...
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 cuts interest rates by a half-point, more expected this year
WEB1 day ago · Fed expected to cut rates today for the first time since 2020. Updated. September 18, 2024 at 1:05 p.m. EDT. Fed Chair Jerome H. Powell is expected to present his diagnosis of the economy during a ...
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 ...
WATCH: Federal Reserve Chair Powell speaks after Fed announces …
WEB1 day ago · WATC H: Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’. In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has ...
Live Updates: Fed Holds Rates, Noting ‘Lack of Further Progress’ …
WEBMay 1, 2024 · The Fed held borrowing costs steady at 5.33 percent on Wednesday, leaving them at a more than two-decade high where they have been set since July. Central bankers reiterated that they need...
The Fed Suggested That Rate Cuts Could Come Soon
WEBJul 31, 2024 · The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon.
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.
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