Fed Cuts Interest Rates By Half A Percentage Point How This Will The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025 The action marks the Fed’s first The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal
Why The Federal Reserve Cut Interest Rates The New York Times Interest rates are historically high because of the Fed’s fierce post-pandemic inflation fight In the span of just a year and a half, the Fed hiked interest rates 11 times by the fastest pace in 40 Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks Additionally, the Fed signaled plans for another half-point reduction before the year’s end, with a further one percentage point decrease expected in 2025 The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth
Us Fed S Benchmark Interest Rates Allsides Additionally, the Fed signaled plans for another half-point reduction before the year’s end, with a further one percentage point decrease expected in 2025 The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth The central bank’s decision brings the benchmark federal-funds rate to a range between 475% and 5% and follows an all-out fight against inflation launched two years ago While lower interest rates will ultimately help with everything from credit card charges to buying a house, analysts warn that it may take months for these benefits to seep down to consumers A more aggressive interest rate cut would suggest deeper worries that the job market is buckling under the Fed’s continued fight against inflation If the Fed cuts interest rates today, borrowers will likely see interest rates ease off their peaks on things like credit cards and auto loans
Comments are closed.