By CHRISTOPHER RUGABER WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%.
Similar Stories to Federal Reserve Is Set To Cut Key Rate But Consumers Might Not Feel Much Benefit Anytime Soon on Bing News
The Associated Press, Denver Post: Business
Wed, 12/18/2024 - 7:02am
Topics: christopher rugaber washington ap federal reserve the fed september november wednesday s june president-elect donald trump social security chair jerome powell trump s freddie mac growth european central bank fed fed americans the fed s october trump set cut benefit anytime key rate inflation economy officials rates meeting benchmark mortgage months peak income signal year interest high costs enjoy borrowing reached moves higher roughly quarter-point policymakers neutral week level policies
BING NEWS:
- Key takeaways from the Fed’s third rate cut
The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September.
12/18/2024 - 3:28 am | View Link - Federal Reserve cuts key interest rate by a quarter-point but envisions fewer reductions next year
WASHINGTON — The Federal Reserve cut its key ... rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts Their new projections suggest that consumers ...
12/18/2024 - 1:01 am | View Link - Federal Reserve cuts key rate by a quarter-point but envisions fewer reductions next year
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously ...
12/18/2024 - 12:39 am | View Link - Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate ... estimate in September of four rate cuts. Their new quarterly projections suggest that consumers may not enjoy much lower ...
12/17/2024 - 10:09 pm | View Link - Federal Reserve set to cut key rate but consumers might not feel much benefit
The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. The latest move would follow a larger-than-usual half-point rate cut in September and a ...
12/17/2024 - 7:39 pm | View Link - More
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