Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB2 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 ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB3 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 ...
The Fed surprised many investors with a jumbo rate cut this week.
WEB1 day 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 ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB3 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
WEB2 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 ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB1 day ago · Sept. 20, 2024. Having made their first interest rate cut in more than four years this week, Federal Reserve officials are keeping their options open as they try to figure out how rapidly to lower ...
Fed Announces Big Rate Cut - The New York Times
WEB3 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 Makes a Large Rate Cut and Forecasts More to Come
WEB3 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
WEB3 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 ...
WATCH: Federal Reserve Chair Powell speaks after Fed announces …
WEB3 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 ...