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The Latest Breaking News from US Federal Reserve

Fed slashes rates by a half-point – what that means for the economy and the presidential election

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

The Conversation

The stock market dipped after a historic Fed rate cut. Here’s what the experts think

“This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune.

Fortune

Trump Suggests Fed's Interest Rate Cut Could Be Political Move

Former President Trump questions Federal Reserve's interest rate cut, sparking debates on economic policy and political influence.

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Trump Suggests Fed's Interest Rate Cut Could Be Political

Former President Trump questions Federal Reserve's rate cut motives, sparking debate on economic policy and political dynamics.

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NSW government announces free weekend train travel in bid to avoid industrial action – as it happened

This blog is now closed

The Guardian - AU

S&P 500 Falls from a Record High on Hawkish Powell

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down by -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.45%. Stocks on Wednesday gave up mid-session gains and turned lower as...

Barchart

Federal Reserve cuts US interest rates for the first time in four years

Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation

The Guardian - US

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Stocks End Lower As Fed Cuts Rates, Gold Hits Record

Stocks closed lower on Wall Street after Fed's interest rate cut. Gold futures hit a new high. Fed Chair Powell expressed confidence in labor market.

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President Biden Hails Falling Inflation And Interest Rates

President Biden emphasizes the positive impact of declining inflation and interest rates on the post-Covid economic recovery.

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The Fed Could Cut Rates Again. What Should Savers Do About CDs and High-Yield Accounts?

Here's what to know about CDs and high-yield savings accounts before the Fed meets to possibly cut rates again.

Kiplinger

Federal Reserve Rate Cut Leads To Decline In Bond Yields

Federal Reserve's rate cut impacts bond yields and financial markets, influencing economic conditions.

Top News

Dollar Pressured After FOMC Cuts Interest Rates by 50 bp

The dollar index (DXY00 ) Wednesday tumbled to a 14-month low and finished down by -0.12%. The dollar sank Wednesday after the FOMC cut the fed funds rate by 50 bp and projected another 50 bp of rate cuts by the end of the year. The dollar was also undercut...

Barchart

Federal Reserve Cautious Despite Progress In Economy

US inflation nears 2% target with no recession in sight. Federal Reserve cautious despite rate cuts. Chair Powell optimistic about progress.

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Fed Chair Powell Addresses Housing Inflation Concerns

Federal Reserve Chair Jerome Powell addresses concerns about housing inflation and supply challenges in the market.

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Stocks Dip As Investors React To Powell's Comments

Stocks react to Powell's remarks on labor market and Fed's rate cut, showing sensitivity to economic signals.

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Federal Reserve Chair: Half-Point Rate Cuts Not The New Norm

Federal Reserve Chair Jerome Powell clarifies recent half-point rate cut and future rate adjustments, emphasizing data-driven decisions.

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Federal Reserve Chair Powell Addresses Labor Market Concerns

Federal Reserve Chair Jerome Powell discusses Fed's rate cut decision based on unemployment concerns and strong US economy.

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Federal Reserve Cuts Interest Rates Amid Job Market Concerns

US stocks react to Fed's rate cut as Powell addresses job market concerns. Market awaits further guidance amidst economic uncertainties.

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Federal Reserve Cuts Rates Amid Concerns Over Rising Unemployment

The recent jumbo-sized rate cut by the Federal Reserve raises concerns about the US economy's health and rising unemployment.

Al Jazeera

US Fed cuts rates by larger than usual half-percentage point

Central bank’s rate-setting committee says it has ‘greater confidence’ inflation is moving towards two-percent target.

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US Unemployment Rate Expected To Reach 4.4% By Year-End

US unemployment rate rises to 4.3% in July, inflation projected to moderate to 2.3% this year. Fed aims for 2% inflation rate by 2026.

The Independent UK

Fed cuts interest rates by half point for first time in years. Here’s what that means for you

The major move signals end to inflation fight while shoring up job market for ‘soft landing’ as borrowing to get cheaper

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Federal Reserve Cuts Interest Rates For First Time In Biden Era

Federal Reserve's interest rate cut under President Biden addresses inflation concerns and sparks economic discussions.

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Federal Reserve Plans More Interest Rate Cuts This Year

Federal Reserve hints at potential interest rate cuts to support economic growth and stability. Market awaits further developments.

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Federal Reserve Official Breaks Unanimity, Votes Against Majority Decision

Fed Governor Bowman dissents from majority decision for a rate cut, breaking a streak of unanimous decisions. Intense discussions during the meeting.

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