Fed cuts interest rates by a half point, signaling end to its inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Coming just weeks before the presidential election, the Fed’s move also has the potential to scramble the economic landscape just as Americans prepare to vote.
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the central bank’s role in the race between Vice President Kamala Harris and former President Donald Trump on Wednesday,
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December, according to a ...
The US Federal Reserve’s jumbo rate cut is aimed as a cushion for its economy, but impacts others too. Think of capital flows ...
Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% ...
Axios Sneak Peek on MSN19h
Biden: Fed rate cut is "declaration of progress" on crushing inflationPresident Biden said on Thursday that the Federal Reserve's interest rate cut signals the nation had entered a "new phase" ...
1don MSNOpinion
By finally beginning to cut interest rates, the central bank is sending a strong message about the economy. Will voters hear ...
Business Insider on MSN20h
The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst saysThe Fed's decision to lower interest rates by a half-point comes in response to labor-market weakness. But the aggressive ...
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
Federal Reserve officials believe that inflation will cool faster than previously expected this year. In the summary of ...
The Fed’s decision Wednesday implies that the main battle against high inflation has been won, and all that’s left is ...
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
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