Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB5 days ago · The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as inflation ...
Fed Announces Big Rate Cut - The New York Times
WEB6 days ago · The S&P 500 and tech-heavy Nasdaq both closed roughly 0.3 percent lower, a modest drop, after rising earlier in the day on the news of the half-percentage rate cut.
Fed Cuts Interest Rates for First Time in Four Years - The New …
WEB6 days ago · Federal Reserve Cuts Interest Rates for the First Time in Four Years ... Mr. Powell made it clear during his news conference that the Fed was willing to speed up or slow down its path of rate cuts ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB5 days ago · The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEBWASHINGTON (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 …
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
WEB4 days ago · The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point. The S&P 500 plotted weekly The vertical scale is adjusted to show ...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 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...
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...
WATCH: Federal Reserve Chair Powell speaks after Fed announces interest …
WEB5 days ago · The Fed’s attention now is “preserving the health of the labor market and preventing unnecessary damage to the economy from a pretty restrictive (interest rate) stance,” said Rubeela Farooqi ...
What you should know after the Fed cut rates | AP News
WEB5 days ago · NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.