Powell Points to Two More Normal-Size Rate Cuts This Year
WEB4 days ago · Those showed that policymakers thought they would lower rates by another half percentage point by the end of 2024. “That would mean two more cuts, it wouldn’t mean more 50s,” Mr. Powell said ...
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB4 days ago · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome. “If the economy performs as expected, that would mean two more cuts this year,” both by a …
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB4 days ago · Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any ...
Fed's Barkin says rates were 'out of sync' before September cut ...
WEB2 days ago · The Fed is expected to cut rates by a quarter of a percentage point at its Nov. 6-7 meeting, a move that would lower the benchmark rate to the 4.50%-4.75% range.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 · 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...
Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision...
Live updates: First Fed rate cut since Covid | CNN Business
WEBSep 18, 2024 · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized
WEBSep 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...
Fed cuts rates by a half point at September 2024 meeting
WEBSep 18, 2024 · WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an...
The Federal Reserve cuts interest rates for first time since 2020
WEBSep 18, 2024 · The Federal Reserve moved aggressively Wednesday to start cutting interest rates as its single-minded focus on fighting inflation gives way to a growing interest in protecting the job market.