The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs. Th...
The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News correspondent Natalie Brand has more from the White House.
Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.' TheFederal Reserveis set to begin the New Year after it signaled that a momentous shift in monetary policy is underway amid signs that high inflation is finally beginn...
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.
“Despite interest rate cuts amounting to a full percentage point by the Federal Reserve in the latter part of 2024, mortgage rates bounded higher,” said Greg McBride, Bankrate’s chief financial analyst. “Yields on 10-year Treasury notes, and ultimately mortgage rates, were on the rise due...
Wellington-Altus Private Wealth chief market strategist Jim Thorne argues the Fed was late to cut interest rates and the private sector is in recession on 'Making Money.' TheFederal Reserveon Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points fro...
After theFederal Reserve’s latest interest rate decision, you may be tempted to try and start connecting some dots. That’s because U.S. central bankers updated their closely scrutinized “Summary of Economic Projections” (SEP) at their December meeting, which includes a chart that many Fed ...
More In Federal Reserve Investors need to adjust rate outlook but shouldn't panic, DataTrek's Colas says Gundlach says increase cash positions as yields don't appear to be going away Morning Meeting Analysts put 3 portfolio stocks on their buy lists. Cramer gives his thoughts ...
The latest news from the Federal Reserve. Extensive coverage and analysis of the Fed's monetary policy decisions and reports, including updates on US interest rates.
The latestsurvey, conducted in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business, suggests the Federal Reserve is a long way from ending its campaign to tighten monetary policy. The Federal Open Market Committee has already raised interest r...