Why The Fed Lowered Interest Rates Again The New York Times

why The Fed Lowered Interest Rates Again The New York Times
why The Fed Lowered Interest Rates Again The New York Times

Why The Fed Lowered Interest Rates Again The New York Times The federal reserve lowered interest rates for the second time this year, as it tries to guard the united states economy against trade related uncertainty and slowing global growth. 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.

why The Fed Lowered Interest Rates Again The New York Times
why The Fed Lowered Interest Rates Again The New York Times

Why The Fed Lowered Interest Rates Again The New York Times By karl russell. fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june, when they. That was the first dissent from a fed governor since 2005. fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that. 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. The federal reserve cut its benchmark interest rate by half a percentage point on wednesday and signalled more reductions would follow, launching its first easing cycle since the onset of the.

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