Fed Cuts Interest Rates for First Time in Four Years - The ...
WEB6 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Federal Reserve lowers interest rates by 0.50 ... - CBS News
WEB5 days ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
Key takeaways from the Fed’s decision to deliver a jumbo ...
WEB5 days ago · That was the first dissent from a Fed governor since 2005. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB6 days ago · Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, Fed policymakers penciled in the equivalent of four more quarter-point cuts next year and another ...
Federal Reserve goes big with half-point interest rate cut ...
WEB6 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 12:47 PM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
The Fed cuts key rate by half-point, signaling end to its ...
WEB5 days ago · The cut amounts to a declaration of victory over inflation, which has come down from a peak of 9.1% in June 2022 to 2.5% last month. The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026. WASHINGTON (AP) — The Federal Reserve on Wednesday cut its …
WATCH: Federal Reserve Chair Powell speaks after Fed ... - PBS
WEB6 days ago · WATC H: Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’. In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has ...