The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB22 hours ago · The Federal Reserve 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 consumers.
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB4 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.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB1 day ago · 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...
What to know as the Federal Reserve gets set to cut interest rates …
WEB2 days ago · The Fed is expected to start cutting interest rates on Wednesday — marking a milestone in the central bank's long-running battle against inflation.
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day ago · The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB1 day ago · The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.
What the first interest rate cut in 4 years means for the Fed’s ... - PBS
WEB1 day ago · The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower...
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race.
Federal Reserve issues FOMC statement
WEBMar 20, 2024 · Inflation has eased over the past year but remains elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance.
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...