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The Latest Breaking News on Federal Reserve cuts US interest rates for first time since December

Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

The Guardian - US

US Federal Reserve cuts interest rates for the first time since December

The central bank’s widely-expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

Al Jazeera

Jerome Powell finally does it: Federal Reserve cuts interest rates a quarter of a percent

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

The Independent UK

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Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence

Stephen Miran, Trump’s pick to join the Fed, dissented against the group, voting in favor of the stronger half-point cut.

Fortune

What Would a Fed Rate Cut Mean for My High-Yield Savings Account?

The Fed’s borrowing rate has a direct and immediate impact on saving rates. That means the APY on your high-yield savings account will likely fall alongside the federal funds rate. But a high-yield account is still the most attractive option for savers.

Barchart

What a possible Fed rate cut would mean for your finances

The Federal Reserve is expected to cut its benchmark interest rate for the first time in nine months

The Independent UK

When The Fed Blinks: Why Protecting Jobs Now Outweighs Taming Prices

According to the U.S. Bureau of Labor Statistics, the unemployment rate has inched up to 4.2% from a low of 3.4% last year, while monthly job gains have slowed to an average of 116,000 over the past three months, down from 251,000 in the same period of 2023.

International Business Times

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Fed Signals More Cuts, But Powell Says Don't Be Too Sure (Live Coverage)

Fed chief Jerome Powell speaking now.

Investors Business Daily

Dollar Posts Modest Gains Ahead of FOMC Decision

The dollar index (DXY00 ) today is up by +0.07%. The dollar is posting modest gains today ahead of the results of today’s FOMC meeting. Weakness in stocks today is boosting some liquidity demand for the dollar. Gains in the dollar are muted after the US Aug housing starts and...

Barchart

Stock Market Today: Dow Jumps, Nasdaq Lags As Powell Sees 'Challenging Situation' (Live Coverage)

The Dow Jones index rises Wednesday after the Federal Reserve cut interest rates. Nvidia stock sells off.

Investors Business Daily

What the New Inflation Report Means for Your Wallet

Recently, analysts were surprised to learn via the CPI that inflation increased at a higher than expected level in August.

GOBankingRates

Amid Bustling Streets, Americans Carry Quiet Worries About The Economy

The University of Michigan's consumer-sentiment index fell to 55.4 in September, its lowest since May, reflecting growing worries about job security, rising costs and inflation.

International Business Times

Trump’s attacks on the Fed are hurting the dollar and driving up the price of gold

The dollar has put in such a feeble performance this year that it has begun to hurt foreign investors in U.S. assets.

Fortune

Fed Rate Cut Could Provide Relief To Households Facing Rising Costs

Households with adjustable-rate mortgages or variable-rate student loans could see relief immediately, while those with fixed-rate debt will benefit more slowly.

International Business Times

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The Independent UK

The Federal Reserve wrestles with how many interest rate cuts to make and how fast

With the Federal Reserve widely expected to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking Wednesday for signs of how deeply the Fed might cut rates in the next few months

Fortune

Drama at the Fed has CEOs worrying about the health of its reputation

Also: All the news and watercooler chat from Fortune.

People

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