WATCH: Federal Reserve Chair Powell speaks after Fed …
WEB3 days ago · Powell was pressed at his news conference about whether the Fed’s decision to cut its key rate by an unusually large half-point is an acknowledgement that it waited too long to begin reducing ...
Federal Reserve lowers interest rates by 0.50 percentage points in ...
WEB3 days ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
Fed Announces Big Rate Cut - The New York Times
WEB4 days ago · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision ...
Fed Meeting Today: Interest-Rate Cut, Powell's Speech In Focus
WEB4 days ago · The S&P 500, the Dow and the Nasdaq Composite rose after the Fed's announcement, then pared those gains and turned negative. As of 4 p.m. ET, the Dow dropped 103 points, or 0.25%, while the Nasdaq ...
Watch live: Chair Jerome Powell explains the Fed's decision for
WEB4 days ago · The Federal Reserve surprised Wall Street with a half-point rate cut on Wednesday, bringing its target range to 4.75% to 5%. Traders are awaiting further details from Fed Chair Jerome Powell, who ...
Fed kicks off easing cycle with a half-point rate cut - as it …
WEB3 days ago · Fed cuts rates by 50 basis points, joins easing cycle. The Federal Reserve cut the federal funds target rate to a range of 4.5-5%. Six of the 10 major central banks started cutting their policy ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB4 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Fed Meeting Today: Live Analysis on Interest Rates, Powell Speech ...
WEB3 days ago · Fed cuts rates by half point in bid to defend economy; Bowman dissents in a first by a Fed governor since 2005; Powell warns not to see half-point cut as Fed’s new pace
Fed Chair Powell says 'time has come' for interest rate cut - NBC News
WEBAug 23, 2024 · Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.
Live Updates: Fed Holds Rates, Noting ‘Lack of Further Progress’ …
WEBMay 1, 2024 · Mr. Powell made it clear on Wednesday that officials still think that their next policy move is likely to be a rate cut and said that a rate increase is “unlikely.” But he demurred when asked...