Fed’s jumbo cut decision wasn’t unanimous - CNN
WEB1 day ago · Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless ...
Fed goes big with interest rate cut in a bid to head off an economic ...
WEB4 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 just announced a jumbo-sized interest rate cut
WEB3 days ago · The Fed has indeed walked a fine line in taming price pressures without sacrificing America’s job market, an extremely difficult task because rate hikes function by deliberately cooling the economy.
Fed Cuts Interest Rates for First Time in Four Years - The New York …
WEB4 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 ...
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
WEB3 days ago · Sept. 19, 2024. President Biden on Thursday hailed the Federal Reserve’s move this week to begin cutting interest rates, casting it as a sign of America’s economic health and evidence that a ...
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. “We’re ...
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 is finally about to cut interest rates. What took so long?
WEB6 days ago · Washington CNN —. It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for ...
How the economy will respond to the Fed's rate cuts - POLITICO
WEB4 days ago · The U.S. economy survived three years of elevated inflation and high interest rates. Now, the cracks are starting to show. The Federal Reserve is expected to cut rates Wednesday in a bid to ...
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB2 days ago · Biden says Fed made ‘declaration of progress’ with interest rate cut. President Joe Biden delivers remarks at the Economic Club of Washington, Wednesday, Sept. 18, 2024, in Washington. (AP Photo/Rod Lamkey, Jr.) WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision …