Fed rate cut: The Federal Reserve announced

The Federal Reserve announced a rate cut in September 2024. Learn what a Fed rate cut is, why it happens, and how it impacts the economy and markets. Fed Announces Big Rate Cut “We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank ... The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair ... The Federal Reserve was widely expected to announce at least a quarter-point cut on Wednesday, signaling lower borrowing costs for American households and businesses.