Fed Announces Big Rate Cut - The New York Times
WEB3 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 meeting live updates: Fed lowers interest rates by half point, …
WEB3 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 ...
Fed Cuts Interest Rates for First Time in Four Years - The New …
WEB3 days ago · 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 last released ...
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 rate by an unusually large half ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB3 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 ...
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
WEB2 days ago · Notes: Japan raised its rate to 0.25 percent, a 20 basis-point increase from the midpoint of a range of 0-0.1 percent. The rate for China is the one-year loan prime rate. Sources: National central ...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that inflation...
Federal Reserve raises interest rates to highest point in ... - NBC News
WEBJul 26, 2023 · The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the U.S....
Fed Interest Rates Live Updates: Powell Raises a Half Percentage …
WEBMay 4, 2022 · Latest Developments. The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in...
Fed unleashes another big rate hike in bid to curb inflation
WEBJul 27, 2022 · The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades to tame high inflation.