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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.
The Federal Reserve Is In No Rush To Cut Rates, Powell Says
From the point of view of the Federal Reserve, the economy is running smoothly. Now, the central bank’s goal is to keep it that way, Chair Jerome Powell said Monday.
Powell speaks on Federal Reserve decision to cut interest rates
After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state,
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 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.
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?
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 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.
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 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.
11d
on MSN
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 ...
12d
on MSN
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, ...
1d
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 ...
1d
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 ...
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