Fed cuts key interest rate by quarter point in second rate decrease
5 days ago · What is the Fed interest rate now. Thursday’s widely expected decision leaves the Fed’s benchmark short-term rate at a range of 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5% just a ...
Federal Reserve cuts interest rates by a quarter point
6 days ago · 2024 Nov 7. 4.5–4.75%. Note: From December 2008 to present, the chart reflects the midpoint of the Federal Reserve's target range. The target rate began in 1982. Shaded areas indicate recessions ...
Fed Cuts Rates Again - The New York Times
5 days ago · Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement. They included no overt signal about what ...
Federal Reserve issues FOMC statement
6 days ago · Federal Reserve issues FOMC statement. Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains ...
The Fed Cuts Rates, but the Path Ahead Is Less Clear
5 days ago · Federal Reserve officials cut interest rates on Thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control. The Fed’s ...
Fed Announces Big Rate Cut - The New York Times
Sep 18, 2024 · The Fed’s decision lowers rates to about 4.9 percent, down from a more than two-decade high. Fed officials lowered interest rates because they are confident that inflation is coming back down...
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest …
Sep 18, 2024 · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything...
Key takeaways from the Fed’s latest interest rate decision
Jun 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...
The Federal Reserve made a rate cut decision today. Here's ... - CBS News
5 days ago · That brings down the federal funds rate — the interest rate banks charge each other for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level.
Federal Reserve goes big with half-point interest rate cut ... - NBC News
Sep 18, 2024 · 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.