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.Nov 8, 2024 ...
Australia cuts key interest rate to 3.5 percentROD McGUIRK
Today, ahome equity line of creditat prime is 7.2 per cent. If rates drop two per cent, the rate will be 5.2 per cent at the end of 2024. Still higher than the incredibly low rates of 2021, but a meaningful relief for those with debts here. It is easiest to see the impact on va...
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 ...
central bank policymakers signaled that a nearly two-year battle against inflation is finally coming to an end in a long-awaited policy pivot. In addition to holding rates steady for the third straight month, Fed officials forecast a series of interest rate cuts in 2024 as inflation falls faste...
SYDNEY, June 4 (Xinhua) -- The Reserve Bank of Australia (RBA) has cut the official interest rate from 1.5 percent to a historic low of 1.25 percent after remaining on hold since August 2016. RBA governor Philip Lowe announced the move in a statement shortly following the bank's monthly ...
The Federal Reserve is likely to start lowering its benchmark interest rate in March and make a total of five cuts in 2024, economists at Goldman Sachs predicted on Monday. The investment bank expects the U.S. economy to come in for a"soft landing,"with modestly slowing economic growth, ...
1) After all, Powell has already stated that “interest rate cuts are in sight” and has made a statement of turning; 2) The downward trend in inflation in the first half of the year was quite certain. We estimate that the overall and core CPI could fall below 3% in the second half...
While things can always change, Callow said the Aussie is unlikely to go much further than that due to rate cuts already being priced into markets, as well as a solidly performing resource export industry which is underpinning a trade surplus....
The U.S. Federal Reserve (Fed) cut its benchmark interest rate by 0.25 percentage points on Thursday (local time), continuing expansionary monetary policy after a big cut in September (0.5 percentage points). Fed’s Chair Jerome Powell made it clear that he would not step down even if U...