The Federal Reserve on Thursday made itssecond rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to it...
The Federal Reserve today made itsfinal interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering inits first rate reductionin four years. On Dec. 18, the Federal Reserve made itsthird consecut...
All eyes on Wall Street were watching the Federal Reserve today as the central bank wrapped up its Federal Open Market Committee (FOMC) meetings for the month. So what did the Federal Reserve do today? And what was the Fed interest rate decision for March 2022? Source: Shutterstock ...
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
NOAH ADAMS
WASHINGTON (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 ofhigh ratesthat helped tame inflation but also made borrowing painfully expensive for American consumers. ...
The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. The unemployment rate stood at4.2% in August 2024 with 7.1 million Americans without work, little changed from recent months. But the jobs picture had darkened notably from a year ...
Fed officials have wrapped up their two-day meeting and as expected have issued a cautious statement on the U.S. economy, interest rates and monetary policy. From the Fed: Information received since the Federal Open Market Committee met in April suggests
The decision, if it happens, will likely please President Trump, who has repeatedly called for Fed Chairman Jerome Powell to cut interest rates.
Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cuts January 10 2025 Top Fed official says central bank is ‘pretty close’ to meeting twin targets Kansas City Fed chief Jeff Schmid calls for ‘gradual’ changes in monetary policy ...