Federal Reserve signals end to inflation fight with a sizable half ...

Sep 19, 2024 · WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high …

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Musalem Says Fed In 'last Mile' Of Inflation Fight, But Recent Data ...

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Nov 13, 2024 · The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk …

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Why did the Federal Reserve cut its benchmark interest rate?

FILE - A detail of the Federal Reserve building is seen in Washington, Nov. 16, 2020. The U.S. Federal Reserve on Wednesday 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 American consumers. ...

Is the Fed in the 'last mile' of its inflation fight?

Nov 13 - The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may slow or reverse, St. Louis Fed President Alberto Musalem said on Wednesday. ...

What does a half-point fed rate cut mean?

A half-point rate cut would signal that the Fed is as determined to sustain healthy economic growth as it is to conquer high inflation. This week’s move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. ...

Will the Federal Reserve slow or stop interest rate cuts?

But if economic growth continues at a healthy clip and inflation climbs again, the central bank will come under growing pressure to slow or stop its interest rate cuts. The Federal Reserve’s future moves and independence are now more uncertain in the aftermath of the election. ...

Will the Fed re-accelerate inflation?

The economy is clouding the picture by flashing conflicting signals, with growth solid but hiring weakening. Consumer spending, though, has been healthy, fueling concerns that there is no need for the Fed to reduce borrowing costs and that doing so might overstimulate the economy and even re-accelerate inflation. ...

Why did the Fed cut interest rates in September?

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation, which now barely exceeds the central bank’s 2% target. ...