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2024-09-18 17:55:13

The New York Times on Nostr: Fed Expected to Cut Interest Rates for First Time in Four Years: Live Updates ...

Fed Expected to Cut Interest Rates for First Time in Four Years: Live Updates
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Federal Reserve expected to cut interest rates for the first time since March 2020; potential cut could be between 0.25 and 0.50 percentage points; current interest rates are between 5.25% and 5.5%; Fed Chair Jerome H. Powell to hold a news conference at 2 p.m. on September 18, 2024; Democrats, including Senators Elizabeth Warren and John Hickenlooper, have urged a 0.75 percentage point cut; mortgage rates have fallen to 6.2% in anticipation; uncertainty exists regarding the Fed's future rate cuts; former President Trump criticized the expected cut as 'political'; analysts split on the magnitude of the cut; S&P 500 and Nasdaq indices have seen gains ahead of the decision; inflation appears under control, prompting the Fed's shift; the last rate cut was in March 2020 amid the pandemic.

#FederalReserve #InterestRates #Economy #Inflation #MortgageRates #StockMarket #Politics #Biden #Trump #FinancialNews

https://www.nytimes.com/live/2024/09/18/business/fed-interest-rates
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