Federal Reserve interest rate cut: December 2024 - NBC News

The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate ... Read More

Fed cuts rates by half point in decisive bid to defend economy

The central bank raised rates 11 times, bringing its benchmark to a two-decade high in July 2023. Since then, inflation has cooled considerably and — at 2.5% — is nearing the Fed’s 2% target. Read More

Fed rate cuts will put money in pockets, but a mood shift may take time

How fast that process will continue now that the U.S. central bank's first rate cut is in the books is unclear, in particular whether easing credit conditions will become tangible to consumers in ... Read More

Federal Reserve goes big with half-point interest rate cut, its first ...

The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown. Read More

Fed’s Powell: Rate cuts are still underway, but there’s no hurry

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months. Read More

Key takeaways from the Fed’s third rate cut | CNN Business

Fed officials penciled in just two rate cuts for ... more than 1,100 points and marked its longest losing streak since 1974. Powell sang the US economy’s praises in his post-meeting news ... Read More

Fed Sets Stage For Fewer (or Possibly No) Rate Cuts in 2025

The Fed has cut by a cumulative 1 percentage point since initiating cutting in September 2024. Before that, the rate had been on a lofty plateau of 5.25%-5.50% since July 2023. Read More

The economy grew in Q4. What does it mean for Fed rate cuts? - USA TODAY

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts What to shop first 🛍️ What to know 📋 ... Read More

What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.

Some of the Fed’s decision to make a large rate cut this week was rooted in the job market — unemployment has ticked up to 4.2 percent, up notably from a low of 3.4 percent last year, and ... Read More

Powell says no need for Fed to rush rate cuts given strong economy

Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully ... Read More

Fed’s Preferred Price Gauge Is Set to Reinforce Rate Cuts

US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, ... Fed's Powell Says 'Time Has Come' for Policy to Adjust ... 2024 at 3:52 AM EDT ... Read More

Minneapolis Fed President Neel Kashkari gives economy "A ... - CBS News

Minnesota's unemployment rate at 3.3% in August is lower than the national average of 4.2%. It's a sign, Kashkari said, of Minnesota's resilience in part due to its diverse economy. Read More