The Fed’s long-awaited rate cut is colliding with presidential
WEB1 day ago · The Federal Reserve cut interest rates for the first time in the Biden era on Wednesday after the White House spent the last three years grappling with Americans’ dissatisfaction with the cost ...
What has the Fed done in election years? Rate changes happen …
WEB1 day ago · Rate cut comes less than 7 weeks before Nov. 5 election Most presidential election years since 1972 had rate moves Party in White House lost 5 of 6 elections when rates fell Sept 18 (Reuters ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
How Will Interest Rate Cut Impact Election? Here’s What To
WEB2 days ago · The Fed’s rate-setting committee lowered the federal funds rate Wednesday from 5.25% to 5.5% down to 4.75% to 5%, a 50 basis point reduction that sat on the high end of consensus estimates. The ...
Fed Announces Big Rate Cut - The New York Times
WEB2 days ago · The S&P 500 and tech-heavy Nasdaq both closed roughly 0.3 percent lower, a modest drop, after rising earlier in the day on the news of the half-percentage rate cut.
Fed cuts interest rates a half point in landmark policy shift
WEB2 days ago · September 18, 2024, 11:50 AM. 1:48. STOCK PHOTO/Adobe. The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its ...
An Interest Rate Cut - The New York Times
WEB2 days ago · Haiyun Jiang/The New York Times. That’s because rate cuts tend to help the party in power. Lower interest rates boost the economy by making it cheaper for people to borrow money to buy a house ...
How campaigns will seize on Fed interest rate cut in US election
WEB1 day ago · How both campaigns will seize on interest rate cut in US election. Biden administration officials have been saying for months that the post-Covid surge in inflation is over. On Wednesday, the ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
What will a US Federal Reserve interest rate cut mean for me? - BBC
WEBFor the many people outside of the US invested in the US stock market, a cut is also likely good news. Lower interest rates tend to boost stock prices for two reasons. First, it means companies ...