Fed, Kamala Harris
Opinion
The New York Times · 15h
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
ABC · 22h
Fed cuts interest rates a half point in landmark policy shift
Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.
USA Today · 18h
Federal officials to cut interest rates by half-percent. What it means for Kentuckians
Some forecasters expect the Fed to cut interest rates by a quarter-point Wednesday. Most, however, expect a half-point reduction. The CME FedWatch forecast tracker favored a half-point cut by a 55-45 margin at midday. (Earlier Wednesday, forecasters rated the probability of a half-point reduction even higher.)
U.S. News & World Report · 18h
The Fed Rate Cut May Give Harris a Boost – but Just a Small One
How much it will reshape the 2024 White House race is unclear, but it may pay a small dividend to Vice President Kamala Harris. That’s because the reduction – a signal of optimism from the central bank that the war on inflation is being won – could mean smaller payments on things like credit cards and car loans,
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