What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB1 day ago · The Fed Is Watching Jobs and Prices. A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB2 days ago · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers. The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 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 ...
The Federal Reserve cuts interest rates for first time since 2020
WEB3 days ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022.
Live updates: First Fed rate cut since Covid | CNN Business
WEB3 days ago · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
Fed unveils oversized rate cut as it gains 'greater confidence' …
WEB3 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 ...
Fed Announces Big Rate Cut - The New York Times
WEB3 days 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.
Fed cuts rates by a half point at September 2024 meeting
WEB3 days ago · Over the past week, the odds had shifted to a half-point cut, with the probability for 50 basis points at 63% just before the decision coming down, according to the CME Group's FedWatch gauge. The ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB3 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.
What the first interest rate cut in 4 years means for the Fed’s
WEB2 days ago · Audio. The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to ...
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