We finally got a rate cut. Here’s what history says will happen next ...
WEBSep 23, 2024 · Here’s a look at what could happen to the economy in terms of the labor market, inflation and the likelihood of a recession now that the Fed has lowered its sky-high benchmark lending rate ...
The Fed just made a jumbo rate cut. Here are 5 takeaways on ... - CBS News
WEBSep 19, 2024 · The Federal Open Market Committee (FOMC)'s members are predicting that Personal Consumption Expenditures (PCE), a measure of inflation tracked by the Fed, will hit 2.3% in 2024, and then fall to...
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.
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...
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...
Fed unveils oversized rate cut as it gains 'greater confidence' …
WEBSep 19, 2024 · The Fed had kept its policy rate in the 5.25%-5.50% range since last July, when it ended an 18-month rate-hike campaign that was meant to control a surge in inflation, which soared in 2022 to...
The Federal Reserve cuts interest rates for first time since 2020
WEBSep 18, 2024 · The Federal Reserve moved aggressively Wednesday to start cutting interest rates as its single-minded focus on fighting inflation gives way to a growing interest in protecting the job market.
Inflation Remains Subdued, as Fed Preps Rate Cut
WEBSep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than...
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...
Federal Reserve on track to cut rates this year, Powell says | AP News
WEBFeb 4, 2024 · With inflation steadily cooling, nearly all the 19 members of the Fed’s policy-setting committee have agreed that cuts in the central bank’s key rate will be appropriate this year, Powell said in the “60 Minutes” interview.
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