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Updated September 18, 2024 at 1:32 PM Jerome Powell had big news Wednesday afternoon, with the Federal Reserve chair announcing the first interest rate cut in over four years.
September 18, 2024 at 2:50 PM. ... Fed Chair Jerome Powell described the rate decision as a shift in policy at the central bank. ... By the end of 2024, interest rates will fall nearly another ...
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday interest rates could be cut as soon as September if the U.S. economy follows its expected path, putting the central bank ...
Still, the Fed kept its key interest rate unchanged at a 23-year high of 5.3%, despite calls from some economists and Democratic politicians to implement a cut Wednesday. Instead, Powell said that, if inflation continues to fall, “a reduction in our policy rate could be on the table" when the Fed next meets Sept. 17-18.
FILE - Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Sept. 18, 2024. (AP Photo/Ben Curtis, File) (ASSOCIATED PRESS)
The Federal Reserve kept interest rates at a 23-year high Wednesday while opening the door to a September cut if inflation continues to show progress.
September 30, 2024 at 1:17 PM ... that it is no rush and likely to cut interest rates in smaller increments going forward. ... for two more 25 basis point rate cuts in 2024. Powell referenced that ...
September 18, 2024 at 5:00 AM Federal Reserve Chair Jerome Powell at the Senate Banking Committee on July 9. How big that cut will be remains to be seen, but it is widely expected to target a 0.25 ...