FED POLICY-MAKERS EXPECTED TO CUT INTEREST RATES TODAYMARTIN CRUTSINGER
Today's Market US Economy Gold & Precious Metals Commodities Forex Editors' Picks Cryptocurrency Market Data Bond ETFs Commodity ETFs Country ETFs Currency ETFs Dividend ETFs Emerging Market ETFs Global and Regional ETFs Growth vs. Value ETFs Market Cap ETFs Real Estate ETFs Sector ETFs ETF Strategie...
At his press conference after the rate announcement, Powell repeatedly emphasized that the rate cut made at the December meeting was justified because the labor market is cooling. Lower interest rates should give the economy a bit of a boost and support hiring, the thinking goes. Since the Fed...
000 jobs were created last month—implying that the Fed might not need to cut rates as drastically to keep the economy healthy. The odds of a 50-point cut in November dropped to zero. The odds of a 25-point cut shot up to 99.1%, and...
Loan rates Auto, student, and many private loans are often fixed. Still, a rate cut means they're likely to become more affordable almost immediately. Existing variable-rate personal loans may also see a decrease in interest rates. Similarly, car buyers could anticipate more favorable auto loan...
In his speech, Powell also sought to dispel any notion that the Fed’s interest-rate decisions might be affected by this year’s presidential election campaign. The Fed will meet and decide whether to cut rates during the peak of the campaign, in July and September. Fed officials ...
The Fed may cut interest rates by one-quarter of a percentage point on Dec. 18 at the end of its two-day meeting, experts predict. If it does, that would mark the third time the central bankhas lowered ratessince September, for a total reduction of 1 percentage point. ...
"By making a larger half-point interest rate cut right from the get-go, the Fed is taking out some insurance against being behind the curve again." More important than today's move, McBride and other analysts said, is the aggregate impact on borrowing costs from what is expected to be ...
Jerome Powell Interest Rates Federal ReserveAimee Picchi Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports...
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. ...