Why Schwab Won't Benefit From Interest Rate Cuts Not every company is better off with lower interest rates in this particular economic environment, however. Brokerage firm Charles Schwab ( SCHW 0.97%) arguably has more to lose than gain for the foreseeable future. Investors would be wise to keep their expectations in check. Here's why. 09/21/2024 - 11:52 am | View Link
Oil prices log weekly gains after Fed rate cut, rising Middle East tensions Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East. 09/20/2024 - 9:08 am | View Link
Jamie Dimon: Only 5% of everyday Americans probably know about the Fed’s historic interest-rate cut JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is “a minor thing” that Wall Street — not Main Street — is obsessing over. 09/20/2024 - 8:39 am | View Link
Fed's Waller backed a half-point cut, citing faster-than-expected inflation slide Federal Reserve Governor Christopher Waller said Friday he backed a 50-basis-point interest-rate cut at this week's Federal Open Market Committee meeting, citing a steeper-than-expected decline in inflation. 09/20/2024 - 5:07 am | View Link
Will a Jumbo Interest Rate Cut Be Followed by a Recession? It's Happened Before Key Takeaways The Federal Reserve began what will likely be a campaign of interest rate cuts Wednesday by cutting its influential federal funds rate by half a percentage point.The central bank has made similar moves in the past, 09/20/2024 - 3:35 am | View Link
The Federal Reserve cuts interest rates for first time since 2020 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. At the same time, job growth has slowed and the unemployment ... 09/18/2024 - 2:03 pm | View Website
Federal Reserve interest rate cut: How much and when it will take effect The Federal Reserve is expected to announce Wednesday its first interest rate cut since 2020. How big that cut will be remains to be seen, but it is widely expected to target a 0.25% reduction ... 09/18/2024 - 1:55 pm | View Website
Federal Reserve lowers interest rates by 0.50 percentage points in ... September 18, 2024 / 2:02 PM EDT / CBS News. The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.5 percentage points, marking the first reduction in four years and ... 09/18/2024 - 9:59 am | View Website
Fed cuts interest rates for first time in four years. How much? The mother of all interest rates is actually a range, and it has sat at 5.25% to 5.5% since July 2023, following a campaign of rate hikes to combat surging inflation. In response, rates on ... 09/18/2024 - 8:19 am | View Website
Live Updates: Fed Announces Big Rate Cut Federal Reserve officials cut interest rates by 0.5 percentage points, in its first cut since 2020. The Fed chair, Jerome Powell, will take questions from reporters soon. 09/18/2024 - 4:58 am | View Website