Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEBSep 18, 2024 · The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as...
What you should know after the Fed cut rates | AP News
WEBSep 18, 2024 · NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that...
Fed chair says US economy is in 'solid shape,' gradual rate ... - ABC News
WEB21 hours ago · The Fed cut its rate by a larger-than-usual half point earlier this month as it has moved past its inflation fight and pivoted toward supporting the job market.
Economic news this week: See latest inflation, mortgage rates and …
WEBSep 16, 2024 · A 30-year, fixed-rate mortgage averaged 3% in 2021. Rates remain more than double, according to Freddie Mac. A new $400,000 mortgage at 6.2% would cost a buyer $2,450 monthly in principal and...
Top Fed officials say they are 'closer' to cutting interest rates
WEBJul 17, 2024 · Financial markets agree, and on Wednesday kept bets the U.S. central bank, which has held its policy rate in the 5.25%-5.50% range for the past year, will cut borrowing costs again in...
Federal Reserve Meeting: Fed Raises Rates Again - The New York Times
WEBJul 26, 2023 · Officials pushed rates to a range of 5.25 to 5.5 percent, their highest level since 2001, while leaving the door open to further rate increases in the statement announcing their unanimous...
Fed unleashes another big rate hike in bid to curb inflation
WEBJul 27, 2022 · The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades to tame high inflation.
Live Updates: Fed Keeps Rates Steady, Hints at Future Cuts
WEBMar 20, 2024 · Federal Reserve officials left interest rates unchanged on Wednesday and continued to forecast that borrowing costs will come down somewhat by the end of the year as inflation eases.
Rising long-term interest rates are posing the ... - Associated Press News
WEBOct 5, 2023 · WASHINGTON (AP) — Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession.