Federal Reserve lowers interest rates by 0.50 percentage points in ...
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 ...
Fed Announces Big Rate Cut - The New York Times
WEB2 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 ...
Fed Cuts Rates by Half Percentage Point - WSJ - The Wall Street …
WEB1 day ago · Eleven of 12 Fed voters backed the cut, which will bring the benchmark federal-funds rate to a range between 4.75% and 5%. Quarterly projections released Wednesday showed a narrow majority of ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB1 day ago · The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026. WASHINGTON (AP) — The Federal Reserve on Wednesday 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 ...
What you should know after the Fed cut rates | AP News
WEB1 day ago · Updated 11:12 AM 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 ...
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 ...
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
WEB20 hours ago · The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point. The S&P 500 plotted weekly The vertical scale is adjusted to show ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB2 days 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 ...
Federal Reserve Cuts Interest Rates For The First Time Since 2020
WEB1 day ago · The Federal Reserve cut its influential fed funds rate 50 basis points Wednesday to a range of 4.75% to 5%. The first rate cut since March 2020 marked a shift in strategy from the Fed, which had ...
The Fed Rate Cut Is Here. Our Correspondent Explains What’s at …
WEB2 days ago · The Federal Reserve is poised to cut rates Wednesday for the first time in years. In the video above, our Fed correspondent Nick Timiraos discusses the historic move and explains what’s at stake.
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