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Search results for: "Central bank". 11 articles found.
Quartz - 3 hours 8 min agoMortgage rates have been declining for weeks on expectations that the Federal Reserve would finally cut interest rates. But even though the central bank did so Wednesday, the housing market could take considerably longer to get back to normal. Read more...
Financial Times - 12 hours 29 min agoThe US central bank trims interest rates by half a percentage point...
Former President Trump on Wednesday said the Federal Reserve's decision to cut interest rates showed the economy was struggling, or the central bank was "playing politics." Trump made a stop at PubKey, a self-described Bitcoin bar in New York City, ahead of a planned rally on Long Island. The former president and his sons earlier...
Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank's interest rate decision when she dissented Wednesday against the Fed's move to cut rates by 50 basis points. Bowman was the only Fed governor to break with the 11 other voting members who...
Here's how the central bank's policy statement changed for its September rate decision.
The Fed has announced an interest-rate cut for the first time in four years what effect will it have on consumers? Federal Reserve cuts US interest rates for the first time in four years The Federal Reserve announced a half-percentage point interest-rate cut on Wednesday, the first decrease in four years. It's a moment that many economists see as the end of an era, and the beginning of the end of the central bank's fight against inflation. The Fed's prime rate used to set the rates on...
Wall Street investors had bet that the central bank would opt for a jumbo interest rate cut over a quarter-point cut.
Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation The US Federal Reserve cut interest rates on Wednesday for the first time in four years, stepping back from its aggressive bid to cool the world's largest economy and reduce inflation. America's central bank, which lifted rates to a two-decade high after price growth surged to its highest level in a generation, announced a cut of 50 basis points. Continue reading...
By finally beginning to cut interest rates, the central bank is sending a strong message about the economy. Will voters hear it?...
The Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank's first rate reduction following a two-and-a-half year crusade against inflation that raged in the wake of the pandemic. The new federal funds rate is 4.75 percent to 5 percent, a jumbo rate cut that signals the Fed's confidence that its war...
Federal Reserve Chair Jerome Powell is expected to announce the first interest rate cuts by the central bank in more than a year on Wednesday afternoon. The Federal Open Market Committee (FOMC) has maintained a range of 5.25 percent to 5.5 percent since July of last year -- the highest such range in 23 years. ...
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