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Fed unveils oversized rate cut
Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation has eased.
Fed rate cut: How inflation and home loans have changed
Here’s how inflation and the cost of borrowing have changed since the Fed started raising interest rates in March 2022. After peaking at 9.1% in June 2022, inflation has eased, falling to a three-year low of 2.5% in August, just above the Fed’s 2% target rate.
Fed cuts key interest rate half a point as inflation eases. Will borrowers get a break?
The Federal Reserve cut its key interest rates half a percentage point Wednesday, a strong move that reverses two years of rate increases and giving consumers new hope that borrowing costs will come down. Its target rate was 5.25% to 5.5%. It will now be in the range of 4.75% to 5%.
The San Bernardino Sun
18h
Is inflation cured? Fed’s giant rate cut turns focus to cooling job market
You might recall that in March 2022, the
Fed
began a battle against four-decades-high
inflation
with pricier financing.
Morningstar
1d
Fed Rate Cut Shows the Main Battle Against Inflation Has Been Won
The
Fed
’s decision Wednesday implies that the main battle against high
inflation
has been won, and all that’s left is ...
5d
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August was 2.5%, but core inflation remained sticky at 3.2%, according to the latest Consumer ...
Opinion
19h
Opinion
Paul Krugman: ‘We Beat Inflation.’ Here’s What the Fed Should Do Now.
Paul Krugman: I’m Paul Krugman. I’m an opinion writer for The New York Times, also a professor at the City University of New ...
19h
Stock market today: Indexes edge up ahead of major Fed interest rate decision
Markets are pricing in with certainty that the Fed will deliver a rate cut this afternoon, the first in over four years.
18h
on MSN
Wall Street Uncertain as The Fed Mulls How Deep to Cut Rates
Borrowing rates have already fallen in anticipation of a deeper cut in rates. The average 30-year mortgage rate dropped to ...
The Economist
1d
What is the Fed’s preferred inflation measure?
Both CPI and PCE inflation are calculated by tracking the prices of a representative sample of goods and services, often ...
Inc
2d
Corporate America Cares Less and Less About Inflation
Compared to the same quarter in 2022--when
inflation
peaked at a historic 9 percent--company ... for tomorrow's FOMC rate ...
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