Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB2 days 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
WEB3 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 ...
The Fed just announced a jumbo-sized interest rate cut
WEB2 days ago · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. ... Fed Chair Jerome Powell said in a news conference that the central bank is ...
Fed cuts rates by a half point at September 2024 meeting
WEB2 days ago · Federal Reserve cuts rates by 50 basis points. WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB3 days ago · Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, Fed policymakers penciled in the equivalent of four more quarter-point cuts next year and another ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB23 hours ago · Some of the Fed’s decision to make a large rate cut this week was rooted in the job market — unemployment has ticked up to 4.2 percent, up notably from a low of 3.4 percent last year, and ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB3 days ago · The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023. The central bank also said it ...
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 ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB3 days ago · The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, hoping to keep the U.S. from sinking into a recession sparked by fallout from ...
WATCH: Federal Reserve Chair Powell speaks after Fed …
WEB3 days 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 ...