Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a percentage point to 4.5-4.75%— marking the second reduction this year. The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9% in the middle of 2022.
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.
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Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut ...
The debacle led to the Federal Reserve Reform Act of 1977 ... The odds are good, however, that he’ll jawbone Powell for ...
Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week.
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...
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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyThe Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that ...
The federal reserve plans to cut more over the next year. As people keep their fingers crossed for better financing in the ...
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Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fallKansas City Federal Reserve President Jeffrey Schmid on Wednesday said the extent to which interest rates will fall ...
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