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 ...
Fed Announces Big Rate Cut - The New York Times
WEB4 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.
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB3 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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB4 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 ...
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 ...
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 ...
Federal Reserve interest rate decision for June 2024: Rates ... - NBC News
WEBJun 12, 2024 · The Federal Reserve said Wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching U.S. businesses and consumers.
Federal Reserve Meeting Fed Raises Rates Again
WEBJul 26, 2023 · Fed Raises Rates Again. Policymakers increased interest rates by a quarter point, to the highest level in 22 years. They also left the door open for further increases, as they continue the fight...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously estimated.
What you should know after the Fed cut rates | AP News
WEB3 days ago · Updated 11:12 AM PDT, September 18, 2024. NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key …