Fed Cuts Rates Again - The New York Times
5 days ago · Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement. ... said during a news conference on ...
Fed cuts key interest rate by quarter point in second rate ...
5 days ago · What is the Fed interest rate now. Thursday’s widely expected decision leaves the Fed’s benchmark short-term rate at a range of 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5% just a ...
Federal Reserve cuts its key interest rate by a quarter-point ...
5 days ago · Thursday’s Fed rate cut reduced its benchmark rate to about 4.6%, down from a four-decade high of 5.3%. The Fed had kept its rate that high for more than a year to fight the worst inflation streak in four decades. Annual inflation has since fallen from a 9.1% peak in mid-2022 to a 3 1/2-year low of 2.4% in September.
Key takeaways from the Fed’s decision to deliver a jumbo ...
Sep 18, 2024 · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything...
Fed Announces Big Rate Cut - The New York Times
Sep 18, 2024 · Tom Brenner/Reuters. 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....
Fed's Powell: US economy solid, gradual interest rate cuts ...
Sep 30, 2024 · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome.
Federal Reserve goes big with half-point interest rate cut ...
Sep 18, 2024 · The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.