Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 — 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 lowers interest rates by 0.50 percentage ... - CBS News
WEBSep 18, 2024 — The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as...
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 from...
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB4 days 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 …
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 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...
Powell Points to Two More Normal-Size Rate Cuts This Year
WEB4 days ago — Those showed that policymakers thought they would lower rates by another half percentage point by the end of 2024. “That would mean two more cuts, it wouldn’t mean more 50s,” Mr. Powell said ...
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB4 days ago — Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any ...
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 — Federal Reserve cuts rates by 50 basis points. WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEBSep 18, 2024 — The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.
Live updates: First Fed rate cut since Covid | CNN Business
WEBSep 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...