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 ...
Federal Reserve Board - Implementation Note issued September …
WEB4 days ago · The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on September 18, 2024: The Board of Governors of the Federal Reserve System voted unanimously to lower the interest rate paid on reserve balances to 4.9 percent, effective September 19 ...
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 ...
‘The time has come’: The Fed just sent a crucial message ... - CNN
WEBAug 23, 2024 · America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far ...
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 3, 2023 · What to know about the Fed’s latest move. Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation...
Federal Reserve News Fed Takes Aggressive Action in Inflation …
WEBJun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that...
Federal Reserve Meeting: Fed Keeps Rates Steady
WEBJan 31, 2024 · Federal Reserve officials held interest rates at their highest level in more than two decades at their first meeting of 2024 and hinted that their next move will be to lower borrowing costs —...
Inflation has slowed. Now the Federal Reserve faces expectations …
WEBJan 29, 2024 · WASHINGTON (AP) — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
Federal Reserve officials were open to further US rate rises to …
WEBMay 22, 2024 · Some US Federal Reserve officials signalled they would be prepared to raise interest rates further if inflation became more aggressive, according to a record of their last meeting at the start...
Full recap of the Fed's rate hike and Chair Powell's news conference
WEBDec 14, 2022 · The Federal Reserve raised its benchmark rate by half a percentage point, as expected, in its latest attempt to quash inflation. Investors then listened to Chair Jerome Powell’s news...