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Stock market plummets after Fed forecasts fewer rate cuts in 2025

The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.

CBS News - 1h

Dow plunges after Powell's comments on rate cuts

The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock ...

CBS News - 1h

How the Fed's rate cuts will affect Americans directly?

The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full ...

CBS News - 1h

Bank of England expected to hold interest rates

Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.

BBC News - 2h

Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.

The New York Times - 2h

Fed Cuts Interest Rates, but Projects Fewer Reductions in 2025

Federal Reserve officials projected just two rate cuts in 2025, and they made it clear that future reductions would hinge on inflation progress.

The New York Times - 3h

Fed cuts by a quarter point, indicates fewer reductions ahead

The Federal Reserve on Wednesday announced its decision on interest rates.

CNBC - 4h

Wall Street falls sharply as Fed indicates fewer rate cuts in 2025 to fight inflation

Central bank lowers benchmark federal funds rate by a quarter of a percentage point to between 4.25% to 4.5%. The US Federal Reserve cut interest rates on Wednesday, but suggested it would make ...

The Guardian - 4h

Long-dated Treasury yields end at nearly 7-month highs after Fed projects fewer rate cuts in 2025

Yields on 10- and 30-year U.S. government debt finished at their highest levels since May on Wednesday, after the Federal Reserve pulled back on the number of interest-rate cuts it foresees for ...

MarketWatch - 5h

White Sox shorten ballpark's name to Rate Field

The Chicago White Sox are changing the name of their ballpark

ABC News - 5h

The Fed sees only two rate cuts in 2025, fewer than previously projected

The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.

CNBC - 6h

Bracing for a Fed Pullback on Interest Rates

Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.

The New York Times - 11h

Fewer people are finding jobs

This seems bad?

Financial Times - 13h

Fed lowers rates by 0.25 percentage point, but expects fewer cuts

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.

CBS News - 4h

Fed cuts interest rates, delivering relief for borrowers

The rate decision follows two consecutive months of rising inflation.

ABC News - 4h

Dow loses 1100 points after Fed projects fewer rate cuts

The stock market closed with steep losses Wednesday after the Federal Reserve cut interest rates but projected higher borrowing costs and steeper inflation for 2025. The Dow Jones Industrial ...

The Hill - 4h

What the Fed's December rate cut means for mortgage interest rates

Today's Fed rate cut could have an impact on mortgage rates — but there are other factors at play, too.

CBS News - 6h

Fed cuts interest rate for third consecutive time

The Federal Reserve has announced a quarter-point cut to its key interest rate for a third consecutive time in 2024. NBC News' Brian Cheung has details on the decision and what it could indicate ...

NBC News - 7h

Federal Reserve cuts interest rate again

The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.

CBS News - 7h

Mortgage rates inch up ahead of Fed meeting

Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.

MarketWatch - 14h

Fewer than half of Latinos in the U.S. have adequate health insurance coverage

Latinos in the United States are less likely to have adequate health insurance than Americans overall, according to a new survey from health research nonprofit The Commonwealth Fund. The ...

The Hill - 1d

Inflation Hangs Around, Slowing Rate Cut Pace

The Federal Reserve will likely reduce interest rates fewer times than expected as high prices persist.

Inc. - 2d

Will the Fed signal a pause in rate cuts?

Market Questions is the FT’s guide to the week ahead

Financial Times - 3d

Moody’s Downgrades France’s Credit Rating

The action, which will put pressure on the nation’s borrowing costs, reflects doubt that a new government can mend the deteriorating financial situation.

The New York Times - 4d

Fewer US grandparents are taking care of grandchildren, according to new data

Fewer grandparents were taking care of grandchildren, there was a decline in the number of preschoolers and more people were staying put in their homes in the first part of the 2020s compared with ...

ABC News - 6d

ECB Cuts Interest Rates as the Economy Weakens

The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher tariffs promised by President-elect Donald J. Trump.

The New York Times - 6d

Bowel-cancer rates rising among younger people

Poor diet, obesity, alcohol and smoking may be among the risk factors involved, researchers say.

BBC News - 6d

Fewer children are getting flu shots as pediatric deaths from the virus hit record high

Even though a record number of kids died from the flu last year, the percentage of children going without flu shots continues to plummet, according to new CDC data.

NBC News - 6d

T-bill rates fall below 4.4% after November CPI solidifies December rate cut

Yields on short-term Treasury bills dropped on Wednesday after November’s consumer-price index cemented expectations for a quarter-point interest-rate cut by the Federal Reserve next week.

MarketWatch - Dec. 11

Annual inflation rate accelerates to 2.7% in November, as expected

The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.

CNBC - Dec. 11

JetBlue's Turnaround Plan: First-Class Seats and Fewer Routes

The New York-based airline is returning to its leisure-travel origins after plans to buy now-bankrupt Spirit were thwarted.

The Wall Street Journal - Dec. 11

Will HELOC interest rates continue dropping this December?

HELOC interest rates have been on a decline for much of 2024 but will they continue to drop this month?

CBS News - Dec. 10

Arsenal ratings: Lackluster Gunners drop points

Their set-piece prowess saved a point at Fulham, but Arsenal could only move one point closer to Liverpool.

ESPN - Dec. 8

How fast will the ECB lower interest rates?

Market Questions is the FT’s guide to the week ahead

Financial Times - Dec. 8

Interest rates forecast to be higher for longer due to Budget

Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.

BBC News - Dec. 4

Fewer shoppers turned out for Thanksgiving-weekend deals, retail group says. Here’s why.

The five-day period between Thanksgiving and Cyber Monday saw fewer shoppers than a year ago, a major retail-industry group said Tuesday, due in part to the later timing of the holiday this year ...

MarketWatch - Dec. 4