Fed lowers interest rates by half point in first cut since 2020
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- Опубліковано 21 вер 2024
- The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025.
The action marks the Fed’s first easing of monetary policy since 2020 and the termination of its most aggressive inflation-fighting campaign since the 1980s.
The decision came in a split vote at the conclusion of the Fed’s two-day policy meeting as officials cut the central bank’s benchmark rate by 50 basis points to a new range of 4.75%-5.0%.
Rates had previously been held at a 23-year high since July 2023.
There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis points instead of 50.
No Fed official has voted against a policy decision in two years, matching one of the longest such streaks in the past half century. Moreover, no Fed governor has dissented on a rate decision since 2005.
The consensus among Fed officials at today’s meeting was that they now see two more 25 basis point cuts this year, followed by four more cuts next year and two more cuts in 2026.
Nine officials saw 4 cuts this year, seven saw three cuts, 2 officials saw two cuts this year and one saw 5 cuts this year.
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aistockadvisor AI fixes this. Fed lowers interest rates half point.
How do you want them to lower inflation (which is increasing prices on everything) without lowering the rate?
Prices are high due to greedy republican business owners! Mostly the oil billionaires!
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
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Her name is Bonita Jeanette Rodriguez. You can easily find her information to arrange an appointment.
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The rate was lower to 0.005 it doesn't lower anything with the rate is 7. The rate should be lower to the rate before they increase so much. I saw in TV telling the people 50% of what exactly. It's not 0.05 still 6.95%
Interest rates are cut and everything sells off. WHAT MORE DO YOU WANT? When will investors be satisfied and not over react?
Well, well, well! A soft landing after all! And after all the chicken Little crying, the sky is falling from dmfp and his lemmings in the government!
😊🎉🎉🎉🎉!
What is the scp?
Absolutely horrible. The rates needed to continue up until inflation which is at 40% was destroyed.
Like you would know……
What you are proposing the US might become Venezuela!!!
@@user-ns8sj7gn4v facts are facts. inflation which is a tax, is the highest ever here. and inflation needed to be destroyed. now hyperinflation will send things even higher
@@SantosEl-g6o higher rates combat inflation. lowering rates increases inflation. just facts
@@joelballard4955 the fed has been working on getting inflation under control in the US for the past three years, apparently ( the experts) feel it’s under control enough to start lowering the interest rates. It’s about controlling inflation, not destroying it. You can’t have zero inflation, it’s either plus or minus zero, in 2005 is was
Negative inflation and that can create big problems too.