Us Federal Reserve Cuts Interest Rates By 25bps How It Will Impact Feds cut interest rate for first time since 2020. here’s what that could mean for your wallet. 02:45 u.s. stocks leaped to record highs wednesday before fading after the federal reserve. Updated 11:12 am pdt, september 18, 2024. new york (ap) — the federal reserve has cut its benchmark interest rate from its 23 year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. on wednesday, the fed announced that it reduced its key rate by an unusually large half.
Us Federal Reserve Cuts Interest Rates Here S What That Means Fo Federal reserve cuts rates by 50 basis points. washington – the federal reserve on wednesday enacted its first interest rate cut since the early days of the covid pandemic, slicing half a. Inflation is slowing — but so is the job market. the rate cut on wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in june 2022. “we’re. The federal reserve cut its influential fed funds rate 50 basis points wednesday to a range of 4.75% to 5%. the first rate cut since march 2020 marked a shift in strategy from the fed, which had. The federal reserve cut interest rates on wednesday by half a percentage point. here are some takeaways from the decision and from remarks by the fed chair, jerome h. powell. the fed’s decision.
Comments are closed.