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Here’s what Fed interest rate cut means for your finances
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% target.
Inflation drops to lowest level since Feb. 2021 as Fed plans rate cut
With inflation cooling and worries about the job market spreading, the central bank is expected to announce a long-awaited rate cut next week.
Fed cuts key interest rate half a point as inflation eases. Will borrowers get a break?
The Federal Reserve cut its key interest rates half a percentage point Wednesday, a strong move that reverses two years of rate increases and giving consumers new hope that borrowing costs will come down. Its target rate was 5.25% to 5.5%. It will now be in the range of 4.75% to 5%.
8d
6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation report
Core CPI came in hot in August, and many on Wall Street think rate-cut expectations are too high.
penncapital-star
1d
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
1d
Diverging Central Bank Strategies: Fed, BoE, and BoJ Face Inflation and Market Risks
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
22h
Dollar’s Resilience in Face of Fed Cuts Is Disappointing Traders
Traders betting big on a weaker dollar are facing disappointment — at least for now — as the greenback remains resilient ...
1d
Biden celebrates lower interest rates, says he never spoke with Fed chairman
President Joe Biden called the Federal Reserve's decision to lower interest rats "good news" and says he never spoke to the ...
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