Federal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Federal Reserve interest rate cut good news for local borrowers
Recent market history shows the Federal Reserve typically only starts interest cuts with 50 basis point reductions when the economy is significantly weakening. The Fed’s anticipated rate cut offers an opportunity to make some money moves that take advantage of the coming downward tilt in interest rates.
What time is the Federal Reserve meeting?: Here's what to know about a possible interest rate cut
When the Federal Reserve closes its latest policy meeting Wednesday afternoon, the widespread expectation is that it will announce the first cut to its main interest rate in more than four years. It would be a momentous event,
Federal Reserve is expected to cut interest rates. See when and how to watch meeting
The Federal Reserve's decision could potentially mark an economic milestone for Americans battling higher cost of living.
Fed's Musalem: Federal Reserve Should Cut US Interest Rates ‘Gradually’ - FT
The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling economy. The so-called core personal ...
Federal Reserve cuts interest rates by half a percentage point, stocks end lower
The Federal Reserve cut interest rates by half a percentage point on Wednesday and projected two more interest rate cuts of 25 basis points for the year. Yahoo Finance's Jennifer Schonberger reports:
Federal Reserve Surprises With Hefty Interest Rate Cut
Inflation has fallen, and the labor market is still healthy. So why did the central bank act more aggressively than many had been expecting?
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses.
Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point cut made earlier this month with another hefty reduction at either of its upcoming meetings in November or December.
Powell Says Fed Not in a Hurry, Will Lower Rates ‘Over Time’
Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains on solid footing.
Fed Chairman Jerome Powell Anticipates More Interest Rate Cuts
During comments before the National Association for Business Economics in Nashville, Tennessee, Powell characterized the economy and hiring as healthy while noting that the Fed is
Federal Reserve expected to slash interest rates by another 50 basis points by year-end
The Federal Reserve is expected to cut the interest rate by another half a percentage point as this year comes to a close, ...
Biden falsely claims he's never spoken to Federal Reserve Chairman Jerome Powell as president
President Biden says he has "never once spoken to the chairman of the Fed since I became president," despite a May 2022 ...
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Federal Reserve announces interest rate cuts: independent thinking in global economic development background
The Federal Reserve announced on the 18th local time that it will downgrade the target range of the federal funds rate by 50 ...
Fed Metric on Bank Reserves Gives Mixed Liquidity Sign
A key Federal Reserve indicator of scarcity of cash in the financial system is grabbing a lot of attention from market ...
Federal Reserve sees no ‘hurry’ to cut rates as confidence in economy grows, Jerome Powell says
Powell is expected to elaborate on the Fed’s recent decision to cut its benchmark interest rate and on the considerations ...