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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.

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24ur.com

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The US central bank lowered the key interest rate

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.

4 months ago·Ljubljana, Slovenia

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The Dispatch

Federal Reserve Cuts Interest Rates for the First Time Since Pandemic

The half-point cut comes after reports show a weakening labor market. - Start a free trial today for full access.

6 months ago

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Liberty Nation

Federal Reserve Cuts Rates for First Time Since 2020 - Liberty Nation News

By Andrew Moran For the first time since the onset of the coronavirus pandemic, the Federal Reserve has cut interest rates. It was not a tepid 25-basis-point reduction that many economists and market watchers had expected heading into the September Federal Open Market Committee (FOMC) meeting. Instead, it was a jumbo half-point cut to the benchmark federal funds […]

6 months ago

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Hot News

The US Federal Reserve has finally cut benchmark interest rates, for the first time in more than 4 years - HotNews.ro

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…

6 months ago·Romania

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WION

Federal Reserve expected to slash interest rates by another 50 basis points by year-end

The Federal Reserve projects interest rates cut by another half point before the end of 2024, offering two policy meetings to make the move. The spotlight now shifts towards the future course of action by the US Fed after the most recent 50 basis point reduction in the September 18 Federal Open Market Committee meeting according to a report by CNBC.

6 months ago·Noida, India

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