Published 09/18/2024 11:03:00 a.m.

Federal Reserve is set to cut interest rates for the first time in 4 years

The Federal Reserve is set to cut its benchmark interest rate for the first time in four years, aiming to lower borrowing costs for consumers and businesses before the presidential election.
Many borrowing rates have already decreased in anticipation of these upcoming rate cuts, signaling a hopeful economic outlook.
This move follows the Federal Reserve's success in taming inflation, paving the way for the interest rate reduction.

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BBC News

What will a US Federal Reserve interest rate cut mean for me?

It will influence mortgages, credit card and saving rates for millions of people in the US - and even around the world.

09/18/2024 6:40:42 p.m.·United Kingdom

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The Independent

Fed slashes interest rates for first time in years. Here’s what that means for you

The major move signals end to inflation fight while shoring up job market for ‘soft landing’ as borrowing to get cheaper

09/18/2024 7:43:58 p.m.·London, United Kingdom

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Associated Press News

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also

09/18/2024 2:23:35 a.m.·United States

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Hindustan Times

US Federal Reserve is set to cut rates today; key question is, by how much?

After a tamed inflation US federal reserve is expected to begin the era of rate cuts to support the labour market.

09/18/2024 6:51:38 a.m.·New Delhi, India

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USA Today

Is it time to cut interest rates? Fed meeting live updates

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.

09/18/2024 12:01:38 p.m.·United States

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abc News

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak

09/15/2024 4:32:12 p.m.·United States

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