What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB9 hours ago · The Fed Is Watching Jobs and Prices. A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB2 days ago · WASHINGTON (AP) — The 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 that helped tame inflation but also made borrowing painfully expensive for American consumers.. The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
What the first interest rate cut in 4 years means for the Fed’s ... - PBS
WEB2 days ago · Audio. The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to ...
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB1 day ago · WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory ...
All the data so far is showing inflation isn't going away ... - NBC News
WEBApr 26, 2024 · At the same time, the personal consumption expenditures price index, the Fed’s key measure in determining inflation pressures, moved up to 2.7% in March when including all items, and held at 2.8 ...
Federal Reserve issues FOMC statement
WEB3 days ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
What to know as the Federal Reserve gets set to cut interest rates …
WEB3 days ago · Here's what to know. Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on ...
Fed's key inflation measure cooled slightly from a year ago ... - NBC News
WEBJul 26, 2024 · By Jeff Cox, CNBC. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut ...
Federal Reserve News Fed Takes Aggressive Action in Inflation …
WEBJun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling...