Why The Federal Reserve Cut Interest Rates 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. The federal reserve cut interest rates on wednesday by half a percentage point. here are some takeaways from the decision and from remarks by the fed chair, jerome h. powell. the fed’s decision.
Fed Cuts Interest Rates By Another Quarter Point The New York The fed’s policy setting committee cut the federal funds rate by 50 basis points, the more aggressive move as consensus was split between a 25 or 50 basis point cut. it’s the first cut to the. It's been a long and bumpy road to the federal reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of americans. the fed on. In a move that was widely anticipated, the federal open market committee (fomc) opted on wednesday to cut its fed funds interest rate by 50 basis points to a new target range of between 4.75% and 5%. Mortgage rates have already begun steadily falling in anticipation of the fed’s expected wednesday cut. according to freddie mac, the average 30 year fixed mortgage rate fell to 6.20% last week.
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