See every side of every news story
Published loading...Updated

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 over four years, aiming to reduce borrowing costs for consumers and businesses before the presidential election.
  • Analysts anticipate a typical quarter-point rate cut as inflation remains slightly above target, with Fed officials focusing on the job market and a 'soft landing.'
  • Chair Jerome Powell expressed confidence in a speech that inflation has largely been tamed, signaling further rate cuts may continue into 2025.
Insights by Ground AI
Does this summary seem wrong?

302 Articles

All
Left
45
Center
74
Right
21
24ur.com24ur.com
Reposted by
fakti.bgfakti.bg
Center

The Federal Reserve's Open Market Committee has cut the key interest rate at which banks lend money to each other overnight for the second time in a row amid slowing inflation. After a decrease of half a percentage point in September, it was followed by a cut of 0.25 percentage points to a range between 4.50 and 4.75 percent.

·Ljubljana, Slovenia
Read Full Article
Lean Left

The Federal Reserve (Fed), the central bank of the United States, on Wednesday reduced benchmark interest rates by half a percentage point, a measure long expected by investors in the context of falling inflation and solid data on the economy, Reuters reports, quoted by Agerpres and News.ro. "The committee gained greater confidence that inflation is sustainably moving toward 2% and assessed that the risks to meeting the labor force and inflation…

·Romania
Read Full Article

The US Federal Reserve is cutting interest rates at a rapid pace, even though the American economy is still in good health.

·Zürich, Switzerland
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 53% of the sources are Center
53% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

abc News broke the news in United States on Sunday, September 15, 2024.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.