Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision...
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...
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...
Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEBSep 18, 2024 · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from...
The Fed surprised many investors with a jumbo rate cut this week.
WEBSep 20, 2024 · Still, even with minutes to go before the Fed’s announcement, many top economists at financial companies still believed Powell’s ever-cautious Fed would opt for a quarter-point cut.
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 · Federal Reserve cuts rates by 50 basis points. WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a ...
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.
Fed cuts interest rates by 50 basis points - USA TODAY
WEBSep 18, 2024 · The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an...
Fed meeting recap: Chair Jerome Powell defends central bank’s
WEBSep 18, 2024 · The Federal Reserve surprised Wall Street with a half-point rate cut on Wednesday, bringing its target range to 4.75% to 5.00%. The decision was not unanimous, as Fed Governor Michelle...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEBSep 19, 2024 · 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 …