AP Economics Writer WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
The Federal Reserve is expected to cut interest rates again Wednesday, but President-elect Donald Trump’s economic policies could thwart the central bank’s progress on inflation.
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
The Fed lowered interest rates by a quarter percentage point — but policymakers are projecting fewer rate cuts next year as inflation remains elevated.
The so-called dot-plot, which indicates individual members’ expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
The Federal Reserve is expected to announce another quarter-point cut to its key interest rate Wednesday, an effort to boost what appears to some to be a steady but cooling economy.
An interest rate cut by 0.25% was widely expected. Fed projections of future interest rate cuts were projected to be fewer and slower than forecasted in September 2024.
WASHINGTON >. The U.S. Federal Reserve cut interest rates a quarter percentage point today and signaled it will slow the pace at which borrowing costs fall any further, given a relatively stable unemployment rate and little recent improvement in inflation.
WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.
The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials have been trying to find the right tempo for rate cuts since starting them in September with a sizable half-po…
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