‘Time has come’ for US Federal Reserve to cut interest rates, says Powell
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CBS News - Top stories
Why the Fed cut interest rates for the first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for ...1 hour ago - Federal Reserve -
CBS News - Top stories
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial ...1 hour ago - Federal Reserve -
The New York Times - Business
Fed Cuts Interest Rates for First Time in Four Years
Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.2 hours ago - Federal Reserve -
Financial Times - World
Trump says half-point rate cut shows US economy is ‘very bad’
Former president adds that central bank could be ‘playing politics’ as it reduces interest rates ahead of election2 hours ago - Donald Trump -
Financial Times - World
FirstFT: Federal Reserve cuts rates by half a point
Also in today’s newsletter, a second day of blasts in Lebanon, and India overtakes China in world’s biggest investable stock benchmark3 hours ago - Federal Reserve -
CNBC - Business
Powell downplays impact of rate cut on Trump-Harris presidential race
Vice President Kamala Harris and former President Donald Trump are each fighting to persuade voters they are best candidate for the U.S. economy.3 hours ago - Donald Trump -
Financial Times - Business
Fed cuts rates by half a point and signals era of easing has begun
US central bank’s decision marks a milestone in its two-year fight against inflation3 hours ago - Federal Reserve -
MarketWatch - Business
‘It’s a momentous moment’: With the Fed’s 50-basis-point cut, is this the right time to sell my house?
“I had three offers over 11 months, one more frustrating than the next.”4 hours ago -
BBC News - Top stories
US interest rates cut by 0.5% in first drop in four years
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.4 hours ago -
The Hill - Politics
Powell pushes back on suggestion Fed got behind in rate cuts
The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point cut over the course of its remaining two meetings this year, signaling a ...4 hours ago - Federal Reserve -
The Guardian - World
Federal Reserve cuts US interest rates for the first time in four years
Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation. What will a Federal Reserve interest rate cut mean for you? The US Federal Reserve cut ...4 hours ago - Federal Reserve -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...5 hours ago - Federal Reserve -
CBS News - Top stories
What impact will the Federal Reserve's rate cut have on stocks?
Equities shift to losses as investors digest the Federal Reserve's first interest rate cut since 2020.5 hours ago -
The New York Times - Business
What Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
Here’s what the half-point interest rate cut will mean for your car loans, credit cards, mortgages, savings and student loans.5 hours ago - Federal Reserve -
ABC News - Top stories
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.6 hours ago - Federal Reserve -
NBC News - Top stories
Powell speaks on Federal Reserve decision to cut interest rates
After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the ...6 hours ago - Federal Reserve -
CNBC - Business
The Federal Reserve just cut interest rates by a half point. Here's what that means for your wallet
The first rate cut in years will affect many types of consumer products. Here's what it means for credit cards, mortgage rates, auto loans and savings accounts.6 hours ago - Federal Reserve -
Inc. - Business
The Federal Reserve cut interest rates by a half point. Here's what that could mean for business owners
Don't expect to see a big boost consumer spending right away, say experts.6 hours ago - Federal Reserve -
NBC News - Top stories
Federal reserve cuts interest rates by 0.5%
The Federal Reserve announced it's cutting interest rates for the first time since the beginning of the Covid-19 pandemic. The rates will be reduced by half a percentage point in effort to cushion ...7 hours ago - Federal Reserve -
CNBC - Business
The Federal Reserve just cut interest rates by 50 basis points—here's what will get cheaper
With inflation tamed, the Fed has lowered borrowing costs for credit cards, loans, auto financing and mortgages7 hours ago - Federal Reserve -
CBS News - Top stories
Federal Reserve cuts interest rates by 0.50 percentage points
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill ...7 hours ago - Federal Reserve -
CBS News - Top stories
Is a CD still worth it now that the Fed has cut rates?
Are CD accounts still valuable with interest rate cuts? Here are three reasons why they're still worth opening.7 hours ago - Federal Reserve -
The Hill - Politics
Watch live: Fed Chair Jerome Powell speaks on interest rates, economy
Federal Reserve Chair Jerome Powell is expected to announce the first interest rate cuts by the central bank in more than a year on Wednesday afternoon. The Federal Open Market Committee (FOMC) has ...7 hours ago - Federal Reserve -
CBS News - Top stories
Interest rates expected cut from Federal Reserve
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's ...7 hours ago - Federal Reserve -
The New York Times - Business
What Trump Has Said About Interest Rates, and Why It Matters
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.9 hours ago - Donald Trump -
CBS News - Top stories
Fed likely to cut interest rates, but size of cut unclear
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.10 hours ago - Federal Reserve -
The Guardian - World
It is time for a reckoning in the west over Hungary, says US ambassador
Allies must face reality of divergence under Orbán and country’s ‘doublespeak’, says David Pressman. The US ambassador in Budapest has said Hungary’s democracy problems and foreign policy ...11 hours ago -
The New York Times - Top stories
An Interest Rate Cut
We explore the politics of today’s Fed announcement.14 hours ago -
MarketWatch - Business
History says Fed interest-rate cut sets up ‘crapshoot’ for stock-market investors
A decent rule of thumb is to watch the next two weeks after a first Federal Reserve interest-rate cut, says Jason Goepfert, senior research analyst at SentimenTrader16 hours ago - Federal Reserve -
NBC News - Top stories
A Fed rate cut is coming. How big is anyone's guess.
The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower.Yesterday - Federal Reserve -
Financial Times - Business
Traders step up bets on BoE interest rate cut
Markets price in 35% chance of central bank move this week as expectations of large US rate cut have grownYesterday