Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB6 days ago — At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome.
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...
Powell Points to Two More Normal-Size Rate Cuts This Year
WEB6 days ago — Jerome H. Powell, chair of the Federal Reserve, said that central bankers will lower rates as much as needed, but have forecast two more quarter-point rate cuts this year. Listen to this article ...
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEBSep 30, 2024 — Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any ...
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...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 — The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against...
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...
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...
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 — WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEBSep 19, 2024 — The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.