Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB19 hours 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.
Fed's Powell says rates will 'over time' reach neutral level, not ...
WEB19 hours ago · The U.S. central bank's policy-setting Federal Open Market Committee cut rates by half a percentage point at its Sept. 17-18 meeting, lowering the range of its policy rate from a 20-year high...
Powell Says Fed Not in a Hurry, Will Lower Rates ‘Over Time’
WEB19 hours ago · Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall economy remains on solid footing.
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB19 hours ago · Inflation during August was around 2.2% annually, according to the Fed’s preferred consumer price expenditures prices index released Friday. While that is close to the central bank’s 2% goal,...
Fed chair says US economy is in 'solid shape,' gradual rate ... - ABC News
WEB19 hours ago · Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 · The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against...
Fed Announces Big Rate Cut - The New York Times
WEBSep 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...
Live updates: First Fed rate cut since Covid | CNN Business
WEBSep 18, 2024 · In a significant shift for the US economy, the Federal Reserve announced a jumbo-sized rate cut Wednesday, its first rate reduction cut since Covid. It’s a major economic milestone both for...
Fed cuts interest rates by 50 basis points - USA TODAY
WEBSep 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 emphatic...
Federal Reserve Meeting Fed Raises Rates Again
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.