Fed Cuts Interest Rates and Markets Plunge After 2025 Forecast
Dec 18, 2024 · Federal Reserve officials made their third and final rate cut of 2024 at their meeting on Wednesday. They also forecast two fewer rate reductions in 2025 than they had previously expected, as...
Federal Reserve made a 3rd consecutive rate cut today. Here ... - CBS News
On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025, a...
Federal Reserve cuts interest rates by 0.25 percentage ... - CBS News
Dec 18, 2024 · The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.
Fed Cuts Rates Again - The New York Times
Nov 7, 2024 · Federal Reserve officials cut interest rates on Thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control.
Top Fed official backs new rate cuts even if ... - Associated Press News
6 days ago · WASHINGTON (AP) — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration.. Christopher Waller, an influential member of the Fed’s board of governors, said he expects inflation will move closer to the Fed’s 2% target in ...
Federal Reserve officials at December meeting ... - Associated Press News
5 days ago · WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.. Minutes from the meeting, released after the typical three-week lag, also showed clear division among the …
Live updates: First Fed rate cut since Covid | CNN Business
Sep 18, 2024 · In a significant shift for the US economy, the Federal Reserve announced a jumbo-sized rate cut Wednesday, its first rate reduction cut since Covid. It’s a major economic milestone both for...
Federal Reserve interest rate cut: December 2024 - NBC News
Dec 18, 2024 · The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable.
Rate-Cut Decision Was Narrow, Fed Minutes Show
5 days ago · Stubborn inflation, and potential tariffs, make future rate cuts uncertain. By Ben Casselman Federal Reserve officials cut interest rates as expected last month. But minutes from their December ...
Federal Reserve lowers interest rates by 0.25 percentage ... - CBS News
Nov 7, 2024 · 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....