The Fed is set to cut interest rates for the first time in 4 years
WEB1 day ago · Updated 3:35 AM PDT, September 18, 2024. WASHINGTON (AP) — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the …
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.
Fed Cuts Interest Rates for First Time in Four Years - The New …
WEB2 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 ...
What to know as the Federal Reserve gets set to cut interest rates …
WEB2 days ago · The Federal Reserve is on the verge of cutting interest rates. Here's what to know. Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed ...
What the first interest rate cut in 4 years means for the Fed’s
WEB1 day 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 ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 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. IE 11 is not ...
Will the Federal Reserve cut interest rates fast enough to deliver …
WEB4 days ago · One hopeful sign is that as Powell and other Fed officials have signaled that rate cuts are coming, many interest rates have already fallen in anticipation. The average 30-year mortgage rate dropped to 6.2% last week — the lowest level in about 18 months and down from a peak of nearly 7.8%, according to the mortgage giant Freddie Mac.
Federal Reserve issues FOMC statement
WEB2 days ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated ...
First interest rate cut in 4 years likely as the Federal Reserve …
WEBJul 31, 2024 · The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.