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 quarter ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest …
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...
Federal Reserve Meeting: Fed Raises Rates Again - The New York Times
WEBJul 26, 2023 · Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle inflation lower by cooling the American economy.
Markets rise after Federal Reserve hits pause again on rate hikes - CNN
WEBNov 1, 2023 · The Federal Reserve held interest rates steady Wednesday for the second consecutive meeting, leaving the central bank’s benchmark lending rate at its highest level in 22 years.
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 ...
The Fed keeps interest rates at a 23-year high for the sixth …
WEBMay 1, 2024 · The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut.
Live Updates: Fed Keeps Rates Steady, Hints at Future Cuts
WEBMar 20, 2024 · Federal Reserve officials left interest rates unchanged on Wednesday and continued to forecast that borrowing costs will come down somewhat by the end of the year as inflation eases.
Fed Meeting Live Updates: Interest Rates Raised 0.75 Percentage …
WEBJun 15, 2022 · Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between...
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 Meeting Today: Live Analysis on Interest Rates, Powell …
WEBJun 12, 2024 · Fed dials back rate forecasts, signals just one cut in 2024; Policymakers holds key rate in unanimous decision; Inflation still elevated, with progress merely ‘modest’