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...
Fed's Powell: US economy solid, gradual interest rate cuts coming …
WEB4 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. “If the economy performs as expected, that would mean two more cuts this year,” both by …
We finally got a rate cut. Here’s what history says will happen next ...
WEBSep 23, 2024 · New YorkCNN — So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to...
The Fed Just Cut Interest Rates, And More Rate Cuts Are Coming
WEBSep 18, 2024 · The Federal Open Market Committee cut the federal funds rate today by 0.5%, targeting a range between 4.75% and 5%. An interest rate cut was largely expected across markets, as seen in the CME...
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.
Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEBSep 18, 2024 · In the face of slowing inflation and strong consumer spending, the Federal Reserve announced that it will keep the interest rate steady, holding the benchmark borrowing rate to a range of 5.25%...
Powell Points to Two More Normal-Size Rate Cuts This Year
WEB4 days ago · Those showed that policymakers thought they would lower rates by another half percentage point by the end of 2024. “That would mean two more cuts, it wouldn’t mean more 50s,” Mr. Powell said ...
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...
Fed sees no 'hurry' to cut rates as confidence in economy grows, …
WEB4 days ago · The Fed's policy rate is currently set in the 4.75%-5.00% range. Economic projections released at the meeting earlier this month showed the median policymaker expectation was for the rate to ...
How Much Will the Fed Cut Interest Rates? | Morningstar
WEBSep 19, 2024 · We expect Fed officials to continue to deliver hefty cuts over the next two years and bring the federal-funds rate to 2.00% to 2.25% by year-end 2026. Longer-term interest rates, including...