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 ...
The Fed surprised many investors with a jumbo rate cut this week.
WEB2 days ago · 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.
The Fed just announced a jumbo-sized interest rate cut
WEB4 days ago · 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 ...
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.
Fed cuts interest rates by 50 basis points - USA TODAY
WEB4 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 ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB4 days ago · 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 for...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB4 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
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 ...
Fed meeting live updates: Fed lowers interest rates by half point, …
WEB4 days ago · Fed funds futures trading suggests a 55% likelihood that central bank officials will dial back rates by 50 basis points, according to the CME FedWatch Tool. They also imply a 45% probability of ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB2 days ago · Some of the Fed’s decision to make a large rate cut this week was rooted in the job market — unemployment has ticked up to 4.2 percent, up notably from a low of 3.4 percent last year, and ...
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