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, which is expected to lower borrowing costs for consumers and businesses before the presidential election.
With inflation close to target, Fed officials are focusing on a weakening job market and aim for a “soft landing” to curb inflation without a sharp recession.
Chair Jerome Powell stated last month that Fed officials are confident inflation has largely been defeated, dropping from 9.1% in June 2022 to 2.5% last month.

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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 signals end to inflation fight with a sizable half-point rate cut

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 helped tame inflation but that also made borrowing painfully expensive for consumers.

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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