Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 — The Fed’s decision lowers rates to about 4.9 percent, down from a more than two-decade high. Fed officials lowered interest rates because they are confident that inflation is coming back...
Live updates: First Fed rate cut since Covid | CNN Business
WEBSep 18, 2024 — 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 ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEBSep 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's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB23 hours ago — 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. “If the economy performs as expected, that would mean two more cuts this year,” both by a quarter ...
Powell Points to Two More Normal-Size Rate Cuts This Year
WEB23 hours ago — Jerome H. Powell, chair of the Federal Reserve, said that central bankers will lower rates as much as needed, but have forecast two more quarter-point rate cuts this year. Listen to this article ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEBSep 18, 2024 — 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 ...
Fed cuts interest rates by half-point, first trim in years - The ...
WEBSep 18, 2024 — The Federal Reserve cut interest rates Wednesday by a half-point, turning the page on an era of dangerously high inflation and marking a major shift at the central bank that could bring...
Fed meeting recap: Chair Jerome Powell defends central bank’s
WEBSep 18, 2024 — The Federal Reserve surprised Wall Street with a half-point rate cut on Wednesday, bringing its target range to 4.75% to 5.00%. The decision was not unanimous, as Fed Governor Michelle...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEBSep 19, 2024 — The Federal Reserve slashed its benchmark interest rate by half a percentage point, the first and the biggest cut since March 2020 when COVID-19 was hammering the economy. The cut amounts to a declaration of victory over inflation, which has come down from a peak of 9.1% in June 2022 to 2.5% last month.
Fed Keeps Rates Steady and Forecasts Only One Cut This Year
WEBJun 12, 2024 — Federal Reserve officials left interest rates unchanged in their June decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign that they plan to be...