The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
Category: Powell, Jerome H
Fed Cuts Interest Rates for First Time in Four Years
Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.
How Big Will the Fed Rate Cut Be? Officials Need to Strike a Balance.
Policymakers are expected to lower rates for the first time in four years on Wednesday while releasing fresh economic forecasts.
The Fed Holds Rates Steady and Predicts Just One Reduction This Year
Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out inflation.
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.
The Fed Tries to Steer Clear of Politics, but Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.
Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts
Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
Is Jerome Powell’s Fed Pulling Off a Soft Landing?
It’s too soon to declare victory, but the economic outlook seems sunnier than it did a year ago, and many economists are predicting a surprising win.
Fed Leaves Interest Rates Unchanged at Meeting and Signals 3 Cuts in 2024
Federal Reserve policymakers left rates unchanged and projected three quarter-point rate cuts in 2024 as their inflation outlook improved.