Fed Expected to Cut Interest Rates for First Time in Four Years: Live Updates
==========
Federal Reserve expected to cut interest rates for the first time since March 2020; potential cut could be between 0.25 and 0.50 percentage points; current interest rates are between 5.25% and 5.5%; Fed Chair Jerome H. Powell to hold a news conference at 2 p.m. on September 18, 2024; Democrats, including Senators Elizabeth Warren and John Hickenlooper, have urged a 0.75 percentage point cut; mortgage rates have fallen to 6.2% in anticipation; uncertainty exists regarding the Fed's future rate cuts; former President Trump criticized the expected cut as 'political'; analysts split on the magnitude of the cut; S&P 500 and Nasdaq indices have seen gains ahead of the decision; inflation appears under control, prompting the Fed's shift; the last rate cut was in March 2020 amid the pandemic.
#FederalReserve #InterestRates #Economy #Inflation #MortgageRates #StockMarket #Politics #Biden #Trump #FinancialNews
https://www.nytimes.com/live/2024/09/18/business/fed-interest-rates
The New York Times /
npub1ns…ke7ty
2024-09-18 17:55:13
Author Public Key
npub1nscwahm76yqtcw0888qy82kxmrhtwk9kgq4eql6h3ytmcd32vdasake7tySeen on
wss://relay.damus.ioPublished at
2024-09-18 17:55:13Event JSON
{
"id": "02c78eef64da1d6129db3dfd6c956a7cef3c51e25626469693c93884751c14d0",
"pubkey": "9c30eedf7ed100bc39e739c043aac6d8eeb758b6402b907f578917bc362a637b",
"created_at": 1726682113,
"kind": 1,
"tags": [],
"content": "Fed Expected to Cut Interest Rates for First Time in Four Years: Live Updates\n==========\n\nFederal Reserve expected to cut interest rates for the first time since March 2020; potential cut could be between 0.25 and 0.50 percentage points; current interest rates are between 5.25% and 5.5%; Fed Chair Jerome H. Powell to hold a news conference at 2 p.m. on September 18, 2024; Democrats, including Senators Elizabeth Warren and John Hickenlooper, have urged a 0.75 percentage point cut; mortgage rates have fallen to 6.2% in anticipation; uncertainty exists regarding the Fed's future rate cuts; former President Trump criticized the expected cut as 'political'; analysts split on the magnitude of the cut; S\u0026P 500 and Nasdaq indices have seen gains ahead of the decision; inflation appears under control, prompting the Fed's shift; the last rate cut was in March 2020 amid the pandemic.\n\n#FederalReserve #InterestRates #Economy #Inflation #MortgageRates #StockMarket #Politics #Biden #Trump #FinancialNews\n\nhttps://www.nytimes.com/live/2024/09/18/business/fed-interest-rates",
"sig": "0013d81756ad045f23283c26589200a789cd4b72403a09a2f0d1b2d9262228ad955feb03b9c865a5db34f191ab3429ce606b2d4336ba89a5ba6c5984ff6e4daf"
}