Federal Reserve cuts key rate by a quarter-point | AP News
Dec 18, 2024 · WASHINGTON (AP) — 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 envisioned, mostly because of still-elevated inflation.. The Fed’s 19 policymakers projected that they will cut their benchmark rate by a …
Live: Federal Reserve Chair Jerome Powell Says The Economy Is In …
Dec 18, 2024 · The Federal Reserve released its policy decision and the SEP at 2 p.m. Eastern Time. Federal Reserve Chair Jerome Powell began speaking to reporters at 2:30 p.m. Follow along with our live ...
Federal Reserve issues FOMC statement
Dec 18, 2024 · Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. ... News & Events. Press Releases; Speeches; Testimony; Calendar; Videos; Photo Gallery; Conferences; Monetary Policy. Federal Open Market Committee.
Federal Reserve interest rate cut: December 2024 - NBC News
Dec 18, 2024 · The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable. The move, the Fed's third...
Federal Reserve cuts interest rates by 0.25 percentage ... - CBS News
Dec 18, 2024 · The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for ...
Federal Reserve made a 3rd consecutive rate cut today. Here ... - CBS News
Dec 16, 2024 · On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025, a move ...
U.S. Federal Reserve News | Today's Latest Stories | Reuters
Dec 20, 2024 · The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S. central bank, with his...
Federal Reserve on track to cut rates this year, Powell says | AP News
Feb 5, 2024 · WASHINGTON (AP) — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May.
US Federal Reserve Rate Cut: Powell caution about 'further cuts' …
Dec 18, 2024 · Federal Reserve policymakers projected two quarter-point rate cuts next year. The Dow ended more than 1,100 points lower, marking its longest daily streak of losses since 1974.
A top Fed official leans toward December rate ... - Associated Press News
Dec 2, 2024 · WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.