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For the first time in four years, the Federal Reserve's benchmark, short-term rate was scaled back by a half percentage point.The previous 23-year high remained stagnant since July 2023 until ...
When the Federal Reserve sits down Wednesday to decide whether to raise interest rates again, it will likely be a game-time decision. Fed Chair Jerome Powell said that the central bank will make ...
The Fed has raised rates 11 times since March 2022 in its most aggressive rate-hiking campaign since the 1980s. Inflation, while down from its peak, remains double the Fed’s inflation target of 2%.
Officials paused in June but signaled a willingness to raise rates again to tame inflation. Federal Reserve holds interest rates steady, forecasts two more rate hikes this year [Video] Skip to ...
The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007.
The Fed has mostly tamed the inflation surge from 2022, which is why it was cutting the federal funds rate (the overnight interest rate it charges banks) at the end of 2024.
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
A reporter listens as U.S. Federal Reserve Chair Jerome Powell answers a question during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy ...