We finally got a rate cut. Here’s what history says will happen next ...
WEBSep 23, 2024 · Here’s a look at what could happen to the economy in terms of the labor market, inflation and the likelihood of a recession now that the Fed has lowered its sky-high benchmark lending rate.
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEBSep 30, 2024 · 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. “If the economy performs as expected, that would mean two more cuts this year,” both by …
Fed Has Squashed Recession Talk. What Inflation Report, Earnings …
WEBThis is great news for Fed Chair Jerome Powell, who two years ago seemed less confident than others that policymakers could tame runaway inflation without causing a recession. But here we are.
Fed Rate Cuts Are Over for 2024 As 'Phantom Recession' Is Dead: …
WEB8 hours ago · Oct 7, 2024, 9:19 AM PDT. Win McNamee/Getty Images. The Fed is done cutting interest rates for the rest of the year, according to Ed Yardeni. Fears of a recession have been almost completely ...
The Fed just made a jumbo rate cut. Here are 5 takeaways on ... - CBS News
WEBSep 19, 2024 · The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Fed raises key rate but hints it may pause amid bank turmoil
WEBMay 4, 2023 · The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause its streak of 10 rate hikes, which have made borrowing for consumers and businesses steadily more expensive. (3 May 2023) Read More. 3 of 11 |.
Fed staff drop US recession forecast, Powell says | Reuters
WEBJul 26, 2023 · U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank's staff no longer forecasts a U.S. recession, and "we do have a shot" for inflation to return to target without high...
Fed’s rate hikes likely to cause a recession, research says
WEBFeb 24, 2023 · NEW YORK (AP) — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes that such an “immaculate disinflation” has never happened before.
A 'mild' recession is now likely this year, Federal Reserve says - NBC News
WEBWASHINGTON — Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday.
Fed leaves interest rates unchanged amid optimism US can avert recession
WEBSep 20, 2023 · The Federal Reserve left its benchmark interest rate unchanged on Wednesday, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into a recession.