Key takeaways from the Fed’s decision to deliver a jumbo-sized
Sep 18, 2024 · In the face of slowing inflation and strong consumer spending, the Federal Reserve announced that it will keep the interest rate steady, holding the benchmark borrowing rate to a range of 5.25%...
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...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
Sep 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...
Fed Announces Big Rate Cut - The New York Times
Sep 18, 2024 · Tom Brenner/Reuters. 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....
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
Sep 30, 2024 · 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.
Federal Reserve goes big with half-point interest rate cut ... - NBC News
Sep 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.
Federal Reserve interest rate decision for May 2024: Rates ... - NBC News
May 1, 2024 · The Federal Reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates continued to stall.
The Fed keeps interest rates at a 23-year high for the sixth ... - CNN
May 1, 2024 · The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut.
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 ...
Live: Fed Rate Decision, Powell News Conference
Jun 12, 2024 · Fed dials back rate forecasts, signals just one cut in 2024; Policymakers holds key rate in unanimous decision; Inflation still elevated, with progress merely ‘modest’
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