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The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Federal Reserve Chair Jerome Powell is slated to deliver a high-profile speech in Jackson Hole, Wyo., Friday morning about how the central bank sees the economy and what its next steps may be.
Pinned post. Fed follows through, cutting interest rates by a quarter of a percentage point. The Federal Reserve cut interest rates for the second consecutive meeting on Thursday, this time by a ...
FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S ...
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board Building Tuesday, Wednesday, July, 31, 2024. (Jose Luis Magana/AP)
“The time has come for policy to adjust,” Fed Chair Jerome Powell said in prepared remarks for his keynote speech at an annual gathering of central bankers and economists in Jackson Hole ...
Ahead of Powell's speech, investors had priced in nearly 100% odds the Fed would lower rates next month, with odds on a cut of 0.25% vs. 0.50% standing at roughly two to one.
Powell’s remarks gave some credence to the idea that the Fed at least is done hiking as the string of rate hikes since March 2022 have cut into economic activity.