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Thu, 09/19/2024 - 4:39am

Federal Reserve cuts interest rate by 0.5%: What it means for you

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  • Jamie Dimon: Only 5% of everyday Americans probably know about the Fed’s historic interest-rate cut
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  • Fed's Waller backed a half-point cut, citing faster-than-expected inflation slide
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  • Will a Jumbo Interest Rate Cut Be Followed by a Recession? It's Happened Before
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BING SEARCH:
  • 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
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