Dow plummets 1,100 points after Fed scales back plans for interest rate cuts

The Fed cut interest rates a quarter of a percentage point on Wednesday.

Topics

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 - 2h
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 - 5h
Fed cuts interest rates, delivering relief for borrowers

The rate decision follows two consecutive months of rising inflation.
ABC News - 3h
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 - 3h
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 - 5h
The Fed cut interest rates by another 25 basis points—here’s what will get cheaper

The Fed has cut its benchmark interest rate by 1% since September, making borrowing cheaper for credit cards, loans and auto financing.
CNBC - 5h
Fed cuts interest rates by quarter point despite firmer inflation

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials ...
The Hill - 5h
Why Powell and the Fed should pause interest-rate cuts in December

Some say November’s jobs data support holding monetary policy steady.
MarketWatch - Dec. 7
Jobs report shows hiring surge as Fed weighs interest rate cut

The fresh data marks the first jobs report since the election of Trump.
ABC News - Dec. 6