Live Updates: Fed Expected to Cut Rates, but by How Much?
WEB17 hours ago · Federal Reserve officials are poised to turn an important corner in their yearslong fight against inflation on Wednesday by cutting interest rates for the first time since early 2020. It is ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB14 hours 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 ...
The Fed is set to cut interest rates for the first time in 4 years
WEB22 hours ago · Chair Jerome Powell made clear last month in a high-profile speech in Jackson Hole, Wyoming, that Fed officials feel confident that inflation has largely been defeated.It has plummeted from a peak of 9.1% in June 2022 to 2.5% last month, not far above the Fed’s 2% target.Central bank officials fought against spiking prices by raising their key interest rate 11 times in 2022 and 2023 to a two ...
US Federal Reserve cuts key rate by sizable half-point, signaling …
WEB14 hours ago · The U.S. 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 helped tame inflation but that also ...
Fed cuts rates by a half point at September 2024 meeting
WEB14 hours ago · Over the past week, the odds had shifted to a half-point cut, with the probability for 50 basis points at 63% just before the decision coming down, according to the CME Group's FedWatch gauge. The ...
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 …
Inflation Remains Subdued, as Fed Preps Rate Cut
WEBSep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than three...
US inflation slowed again in July, clearing way for Fed to cut rates ...
WEBAug 14, 2024 · WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
The Fed expects to cut rates just once this year - CNN
WEBJun 12, 2024 · Federal Reserve officials are anticipating a higher inflation rate this year, 2.6% measured by the Personal Consumption Expenditures price index, compared to the 2.4% prediction they made in...
Inflation Cooled Further in June - The New York Times
WEBJul 11, 2024 · Fed policymakers target 2 percent annual inflation, based on the Personal Consumption Expenditures inflation measure. June’s P.C.E. data are set for release on July 26, a few days before the ...