Fed makes final interest rate decision before Trump inauguration

The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.

Topics

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 - 10h
Fed cuts interest rates, delivering relief for borrowers

The rate decision follows two consecutive months of rising inflation.
ABC News - 4h
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 - 6h
Federal Reserve decision coming on final interest rate cut for 2024

The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.
CBS News - 6h
The Fed has a big interest rate decision coming Wednesday. Here's what to expect

Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter percentage point.
CNBC - 9h
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 - 11h
Here's what to expect from the Fed's interest rate decision this week

The Federal Reserve will announce a rate decision on Wednesday, Dec. 18. Economists are now expecting fewer cuts in 2025.
CBS News - 2d
Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates

A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin in favor of a widely expected reduction in interest rates next week.
MarketWatch - 6d
CPI shows uptick in inflation before final 2024 rate decision from Federal Reserve

New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. ...
CBS News - Dec. 11

Fed makes final interest rate decision before Trump inauguration

Topics

Related

Bracing for a Fed Pullback on Interest Rates

Fed cuts interest rates, delivering relief for borrowers

Fed cuts interest rate for third consecutive time

Federal Reserve decision coming on final interest rate cut for 2024

The Fed has a big interest rate decision coming Wednesday. Here's what to expect

Fed expected to make another cut in final interest rate decision of 2024

Here's what to expect from the Fed's interest rate decision this week

Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates

CPI shows uptick in inflation before final 2024 rate decision from Federal Reserve

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