What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB13 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 ...
Fed Cuts Interest Rates for First Time in Four Years - The New York …
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 ...
The Federal Reserve cuts interest rates for first time since 2020
WEB2 days ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022.
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 ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 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.
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 Raises Rates at a Slower Pace: Live …
WEBDec 14, 2022 · Officials at the Federal Reserve raised interest rates half a percentage point on Wednesday, setting their policy rate at a range of 4.25 to 4.5 percent, the highest it has been since 2007.
US inflation rise to 3.2% highlights ‘last mile’ challenge for Federal ...
WEBMar 12, 2024 · US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices.
Fed Governor Waller says inflation softening faster than he …
WEB1 day ago · Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing ...