Fed cuts interest rate for third time this year as economic uncertainty looms

The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy.

Topics

US makes third interest rate cut despite inflation risk

The Federal Reserve has been cutting rates since September, even as inflation progress stalls.
BBC News - 32m
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 - 3h
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 - 3h
Fed cuts interest rates, delivering relief for borrowers

The rate decision follows two consecutive months of rising inflation.
ABC News - 2h
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 - 3h
Fed expected to make another cut in final interest rate decision of 2024

The Federal Reserve on Wednesday will make its final interest rate decision of 2024 with a 0.25 percentage point cut expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
CBS News - 8h
Economic Data Points to Fed Rate Cut Next Week, and a Cautious 2025

Persistent inflation probably won’t stop a December rate cut, but it could affect the course of monetary policy for the next two years.
Inc. - 5d
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