Fed cuts interest rates by 50 basis points - USA TODAY
WEB5 days ago · After today’s meeting, the Federal Reserve has two more opportunities to consider interest rate moves in 2024. The remaining Fed meetings planned for 2024 are scheduled for Nov. 6-7 and Dec. 17 ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB5 days ago · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
The Fed just announced a jumbo-sized interest rate cut
WEB4 days ago · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. ... Federal Reserve Board Chairman Jerome Powell speaks during a news conference ...
Fed Announces Big Rate Cut - The New York Times
WEB5 days ago · The S&P 500 and tech-heavy Nasdaq both closed roughly 0.3 percent lower, a modest drop, after rising earlier in the day on the news of the half-percentage rate cut.
The Fed surprised many investors with a jumbo rate cut this week.
WEB2 days ago · The PPI report showed wholesale prices markedly slowed in August to a rate of 1.7% from an annual increase of 2.1% the month before. That data was apparently enough to spur some Fed officials to ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB5 days ago · By Karl Russell. 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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB5 days ago · The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023. The central bank also said it ...
First interest rate cut in 4 years likely as ... - Associated Press News
WEBJul 31, 2024 · AP Washington correspondent Sagar Meghani reports the Federal Reserve suggests its first key interest rate cut in four years is getting closer. Rate cuts could also bolster the economy and potentially improve Vice President Kamala Harris’ prospects in the upcoming presidential election.
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 3, 2023 · What to know about the Fed’s latest move. Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB4 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 ...
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