What the Fed’s Big Rate Cut Reveals About the Economy
WEB23 hours ago · Fed officials say they expect the prime lending rate to fall to roughly 3.4 percent by the end of next year, from about 4.9 percent today. But Powell played down the idea of another supersize cut ...
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.
Live updates: First Fed rate cut since Covid | CNN Business
WEB2 days ago · Aaron M. Sprecher/AP. It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both ...
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 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 ...
Fed meeting live updates: Fed lowers interest rates by half point, …
WEB2 days ago · Fed funds futures trading suggests a 55% likelihood that central bank officials will dial back rates by 50 basis points, according to the CME FedWatch Tool. They also imply a 45% probability of ...
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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
Fed Keeps Rates Steady and Forecasts Only One Cut This Year
WEBJun 12, 2024 · The Federal Reserve left interest rates unchanged on Wednesday and signaled one cut in 2024, with more to come in 2025. Earlier, inflation data for May came in cooler than expected.
WATCH: Federal Reserve Chair Powell speaks after Fed …
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 ...