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 ...
The Fed has waited four years to cut rates. But it’s still a tough call ...
WEB1 day ago · 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 from ...
The Federal Reserve cuts interest rates for first time since 2020
WEB1 day 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.
Federal Reserve lowers interest rates by 0.50 percentage points in ...
WEB1 day 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
WEB1 day 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 ...
Federal Reserve goes big with half-point interest rate cut, its first ...
WEB2 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
WATCH: Federal Reserve Chair Powell speaks after Fed announces interest …
WEB1 day ago · “The U.S. economy is in a good place,” he added, “and our decision today is designed to keep it there.” ... U.S. inflation just hit a 3-year low, easing the way for interest rate cut.
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 today: Wall Street on edge over historic interest-rate ...
WEB2 days ago · Fed meeting today: Fed decides on aggressive 50 basis-point cut in interest rates. Follow along to MarketWatch's coverage of the Fed's interest-rate decision.
Fed Meeting Today: Interest-Rate Cut, Powell's Speech In Focus
WEB2 days ago · Treasury yields ticked up, as traders made last-minute bets on the size and pace of upcoming rate cuts. The 10-year yield settled Tuesday at 3.641%, its second-lowest level of the year.