Fed Announces Big Rate Cut - The New York Times
WEB6 days ago · 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 ...
Fed meeting live updates: Fed lowers interest rates by half point, …
WEB6 days ago · Fed funds futures trading suggests a 55% likelihood that central bank officials will dial back rates by 50 basis points, according to the CME FedWatch Tool. They also imply a 45% probability of ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB6 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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB6 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 surprised many investors with a jumbo rate cut this week.
WEB3 days ago · Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve ...
What you should know after the Fed cut rates | AP News
WEB5 days ago · Updated 12:05 PM PDT, September 18, 2024. NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key …
Analysis of Fed Rate Decision, Powell News Conference
WEB5 days ago · Policymakers’ updated projections showed a 4.4% jobless rate for the end of 2024 and 2025, up slightly from the 4.2% rate seen in August. Growth was penciled in at 2% for 2024 through 2027.
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that...
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 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 ...
Fed’s high-rates era handed $1tn windfall to US banks - Financial …
WEB1 day ago · US banks made a $1tn windfall from the Federal Reserve’s two-and-a-half-year era of high interest rates, an analysis of official data by the Financial Times has found. Lenders got higher yields ...
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