The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB1 day ago · WASHINGTON (AP) — The Federal Reserve on Wednesday 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 American consumers.. The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB2 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 ...
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB18 hours ago · WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day 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 ...
What to know as the Federal Reserve gets set to cut interest rates …
WEB2 days ago · Here's what to know. Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on ...
All the data so far is showing inflation isn't going away ... - NBC News
WEBApr 26, 2024 · At the same time, the personal consumption expenditures price index, the Fed’s key measure in determining inflation pressures, moved up to 2.7% in March when including all items, and held at 2.8 ...
Federal Reserve issues FOMC statement
WEB2 days ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
Inflation Is Ebbing. Now the Fed Must Protect Jobs.
WEB1 day ago · With this week’s decision, the Fed has brought the federal funds rate, now in a target range of 4.75 percent to 5 percent, a step toward pre-pandemic norms. The Fed has now clearly signaled that ...
Inflation data this week could help determine Fed's timetable for …
WEBJun 10, 2024 · Though consumer inflation has slowed dramatically since peaking at 9.1% in mid-2022, it was still 3.4% in April, well above the Fed’s target. The Fed would reduce rates faster if growth were to stall and companies were to lay off many workers.