Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the…
Federal Reserve leaves its key rate unchanged but sees two cuts this year
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in…
Powell at Jackson Hole: ‘The time has come’ for the Fed to soon begin reducing interest rates
By CHRISTOPHER RUGABER AP Economics Writer JACKSON, Wyoming (AP) — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. Powell…