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...
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 for...
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...
We finally got a rate cut. Here’s what history says will happen next ...
WEBSep 23, 2024 · New YorkCNN — So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep...
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...
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.
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB6 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 …
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB6 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 ...
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...
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 · WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort...