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  1. Sep 18, 2024 · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. ... Federal Reserve Board Chairman Jerome Powell speaks during a news conference ...

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  3. Oct 24, 2024 · Here’s what’s driving the recent upswing in mortgage rates. Strong economic data When the Fed cut interest rates last month, many hoped it would kick-start the frozen housing market. Mortgage ...

  4. Sep 18, 2024 · By last summer, interest rates had climbed to between 5.25% and 5.5%, their highest level in more than two decades. Inflation is slowing — but so is the job market. The rate cut on Wednesday ...

  5. Jul 26, 2023 · Fed raises rates after a pause and leaves door open to more. Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle ...

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    • Alan Rappeport
  6. May 1, 2024 · The Federal Reserve kept interest rates at their current levels Wednesday, as hotter-than-expected inflation data continues to push back the timing of the first rate cut.

  7. Jun 15, 2022 · Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% ...

  8. May 3, 2023 · Federal Reserve News. What Happened Today at the Fed Meeting. The Federal Reserve raised interest rates by a quarter of a point, its 10th straight increase, as inflation remains stubbornly high ...

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