Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB1 day 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 a quarter ...
Fed Cuts Interest Rates for First Time in Four Years - The New …
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...
Fed Chairman Jerome Powell anticipates more interest rate cuts
WEB1 day ago · U.S. Federal Reserve Chair Jerome Powell holds a press conference in Washington, DC, on September 18, 2024. On Monday, Powell said interest rate cuts can continue if the U.S. economy continues to ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest …
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...
The Fed slashed interest rates last week, but Treasury yields are ...
WEB6 days ago · The 10-year note yield, considered the benchmark for government bond yields, has leaped about 17 basis points since the Federal Open Market Committee meeting of Sept. 17-18 — reversing what had ...
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 interest rates by 50 basis points - USA TODAY
WEBSep 18, 2024 · The Fed’s decision lowers its benchmark short-term rate to a range of 4.75% to 5% from a 23-year high of 5.25% to 5.5%. The move is expected to ripple through the economy, providing the...
What you should know after the Fed cut rates | AP News
WEBSep 18, 2024 · 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.
The Fed is finally about to cut interest rates. What took so long?
WEBSep 16, 2024 · It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for the central bank’s...
Fed Interest Rates Live Updates: Powell Raises a Half Percentage …
WEBMay 4, 2022 · Latest Developments. The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in...