Similar Stories to The Fed’s Rate Cut Not Cutting It For Consumers, Yet on Bing News

The costs of some high-profile consumer goods have actually been falling. With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years.The public at large? Not so much.Consumer surveys, including one released Friday by The Associated Press-NORC Center for Public Affairs Research, show that most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a four-decade high two years ago as the economy rebounded from the pandemic recession.Yet in the view of some economists, the shift toward steadily lower borrowing rates could eventually boost consumer sentiment.

BING NEWS:
  • Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
    Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction.
    09/23/2024 - 5:03 am | View Link
  • Good News for the Stock Market: The Fed Believes Its Jumbo Rate Cut Was a 1-and-Done
    Investors are cheering as policymakers expect the labor market to hold steady through a series of smaller cuts into 2025.
    09/23/2024 - 2:25 am | View Link
  • We finally got a rate cut. Here’s what history says will happen next
    So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep the US economy in its current “good shape.” Will that pan out? Only time will tell, of course, but recent history doesn’t make it look like it’s a sure shot by any means.
    09/22/2024 - 11:00 pm | View Link
  • Investors cheer a soft landing scenario after Fed’s big rate cut. But they’re still keeping their guard up for a downturn.
    The Federal Reserve finally gave stock-market investors what they wanted by cutting interest rates for the first time since March 2020, making a soft landing for the economy more likely now that inflation has fallen.
    09/22/2024 - 7:19 pm | View Link
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