Wall Street jumps after rate cut. The Federal Reserve lowered interest rates as expected to 4.50 percent. The Dow rose after the decision, as well as the Standard & Poor’s 500 index and the Nasdaq composite index. The dollar moved … Continue reading
The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end Although Federal Reserve Chairman Jerome Powell is optimistic about the future of the U.S. economy, the central bank moved to cut interest rates a quarter of a percentage point on Wednesday amid In or words, has always cut interest when market priced a cut on day prior to a FOMC meeting. And while as noted above, futures prices currently imply an unchanged Tags: cuts, rates, next, month, Fed cuts interest rates: What U.S. eral Reserve announced Wednesday it would cut interest for first time since a recession hit U.S. economy in 2008. Real estate economists are split on immediate impact For most Americans, 's decision to cut interest could mean a reprieve in escalating borrowing costs. At same time, savings account may fall.