Key takeaways from the Fed’s decision to deliver a jumbo-sized
Sep 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 Announces Big Rate Cut - The New York Times
Sep 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 down...
The Fed Makes a Large Rate Cut and Forecasts More to Come
Sep 18, 2024 · The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against...
Live updates: First Fed rate cut since Covid | CNN Business
Sep 18, 2024 · In a significant shift for the US economy, the Federal Reserve announced a jumbo-sized rate cut Wednesday, its first rate reduction cut since Covid. It’s a major economic milestone both for...
‘The time has come’: The Fed just sent a crucial message ... - CNN
Aug 23, 2024 · The Fed’s aggressive rate-hiking campaign, which started in early 2022, thrust interest rates up to a 23-year high in a bid to combat the highest inflation in decades.
Fed cuts interest rates by 50 basis points - USA TODAY
Sep 18, 2024 · The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic...
Fed's Bostic sees no need to rush on rate cuts | Reuters
2 days ago · Atlanta Federal Reserve Bank President Raphael Bostic on Friday made the case for patient reductions in the central bank's policy rate to somewhere between 3% and 3.5% by the end of next year, a ...
Fed’s Bostic Says He Favors Patience in Cutting Rates Further
2 days ago · The Atlanta Fed chief reiterated the central bank’s benchmark rate is still “a ways” above the level at which it neither boosts nor slows the economy, which he estimates to be between 3% and ...
Federal Reserve News What Happened Today at the Fed Meeting
May 3, 2023 · What to know about the Fed’s latest move. Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation ...
Traders see the odds of a Fed rate cut by September at 100% - NBC News
Jul 16, 2024 · By John Melloy, CNBC. Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its ...