Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEBSep 30, 2024 · 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 ...
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 from...
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...
Fed's Kugler makes case for more rate cuts if inflation keeps easing
WEB9 hours ago · Oct 8 (Reuters) - Federal Reserve Governor Adriana Kugler said on Tuesday she strongly supported the U.S. central bank's recent interest rate cut and will support further reductions if inflation ...
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 · Federal Reserve cuts rates by 50 basis points. WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a...
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEBSep 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.
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...
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...
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...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEBSep 19, 2024 · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.