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1 day ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022.
2 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 ...
1 day 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 ...
2 days ago · Forecasters slightly favor a half-point cut, according to the CME's FedWatch tool, which gauges what sort of interest rate move the market is predicting. As of Wednesday morning, the site showed a ...
1 day ago · The US Federal Reserve is seen in Washington, DC, on September 16, 2024. Mandel Ngan/AFP/Getty Images. CNN —. The Federal Reserve is preparing to cut interest rates for the first time in the ...
2 days ago · Fed goes big with interest rate cut in a bid to head off an economic slowdown . The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the ...
23 hours ago · The Federal Reserve slashed its benchmark interest rate by half a percentage point, the first and the biggest cut since March 2020 when COVID-19 was hammering the economy. The cut amounts to a declaration of victory over inflation, which has come down from a peak of 9.1% in June 2022 to 2.5% last month.
