Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates
1 day ago · A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said. Jerome Powell, chair of the Federal Reserve, said ...
Federal Reserve cuts interest rates by a quarter point
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
Nov 7, 2024 · 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.
Fed cuts key interest rate by quarter point in second rate decrease
Nov 7, 2024 · 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 ...
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...
Markets rise after Federal Reserve hits pause again on rate hikes - CNN
Nov 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.
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
Sep 30, 2024 · 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.
Fed cuts interest rates by 50 basis points - USA TODAY
Sep 18, 2024 · The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an...
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.
Powell says Fed will likely cut rates cautiously given persistent ...
1 day ago · Updated 3:12 PM PST, November 14, 2024. WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.