WASHINGTON — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual air of uncertainty overhangs this week’s meeting: It’s unclear just how large the Fed’s rate cut will be.

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BING NEWS:
  • Will the Federal Reserve cut interest rates again this year?
    By the end of 2024, interest rates will fall nearly another half of a percentage point from their current level of between 4.75% and 5%, according to FOMC projections. Interest rates will drop another ...
    09/19/2024 - 10:05 pm | View Link
  • The Federal Reserve cut interest rates for the first time in years as inflation keeps cooling
    The Federal Open Market Committee voted Wednesday to lower interest rates by 50 basis points, bringing the federal funds rate down from two-decade highs after more than a year of watching and waiting.
    09/18/2024 - 9:02 am | View Link
  • Fed Cuts Interest Rates For First Time In 4 Years: Here’s What It Means For You
    What Do Fed Rate Cuts Do? The Fed only officially controls the federal funds rate, which determines the interest charged in overnight cash reserve transactions between banks. But ...
    09/18/2024 - 8:20 am | View Link
  • Federal Reserve announces first interest rate cut since 2020. What you should know
    The Federal Reserve announced Wednesday its first interest rate cut since March 2020 in an attempt to provide much-needed relief for consumers.
    09/18/2024 - 7:56 am | View Link
  • The Federal Reserve Just Cut Interest Rates. What Does that Mean for You?
    KEY TAKEAWAYS The Federal Reserve cut its influential federal fund rates by 50 bps today. This is the first cut to the central bank's key interest rate since 2020.With the rate cut, borrowing costs ...
    09/18/2024 - 7:09 am | View Link
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