Federal Reserve cuts rate by 50 bps ending hike cycle that started in 2022
By Simone Del Rosario (Business Correspondent), Brent Jabbour (Senior Producer)
The Federal Reserve lowered its benchmark interest rate by a supersized 50 basis points, outpacing expectations of 25 basis points. Markets surged Wednesday afternoon, Sept. 18, as the central bank ended its rate-hike campaign that started in 2022.
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The Fed just announced a jumbo-sized interest rate cut
Click to see story on CNNFederal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020
Click to see story on CBS NewsFed announces big half-point interest rate cut, the first reduction since 2020
Click to see story on Los Angeles TimesFed Cuts Rates By Half Point In Decisive Bid to Defend Economy
Click to see story on BloombergThe Fed gives the US its first jumbo interest-rate cut in 4 years
Click to see story on Business InsiderFed goes big with interest rate cut in a bid to head off an economic slowdown
Click to see story on NBC NewsUS Fed cuts key lending rate by larger half-point in first reduction since 2020
Click to see story on Le MondeUSA: Fed cuts key interest rate for the first time since 2020
Click to see story on SpiegelFed slashes interest rates in first cut since 2020
Click to see story on WCSHSurprise! The Fed Cut Interest Rates by Half a Point — Here’s What It Means for Your Money
Click to see story on The Motley FoolFed cuts interest rates by a half point—the first time since 2020
Click to see story on Fast CompanyUS Fed slashes interest rates by half a point, first cut in four years
Click to see story on South China Morning PostFed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
Click to see story on CNBCEmboldened Fed lowers interest rates by half-point
Click to see story on The HillUS Fed makes half-point cut in first rate reduction since 2020
Click to see story on News24Bumper US interest rate cut aims to boost flagging economy
Click to see story on Sky News UKFed Cuts Interest Rates For First Time In 4 Years: Here’s What It Means For You
Click to see story on ForbesDow surges over 250 points after the Fed cut interest rates by a half-point, the first rate reduction in 4 years
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Click to see story on Barron'sFed slashes interest rates in first cut since 2020
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Click to see story on Fort Smith/Fayetteville NewsFed slashes interest rates in first cut since 2020
Click to see story on KYTXUS Fed slashes rates by 50 bps in first rate reduction since 2020
Click to see story on India TodayUS Federal Reserve slashes interest rate by 0.50% in first cut since 2020
Click to see story on Gulf NewsFed cuts rates for first time in 4 years, by half a percentage point
Click to see story on NikkeiFed Slashes Interest Rates by Half a Percentage Point, First Cut in 4 Years
Click to see story on The Epoch TimesFed slashes interest rates by a half-point, <br/>an aggressive start to its first easing <br/>campaign in four years
Click to see story on LucianneFed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
Click to see story on visiontimes.comRight
Untracked Bias
Fed cuts interest by 0.5 percentage point on first rate cut since 2020
Click to see story on GloboUS central bank takes major action, cuts interest rates for the first time since 2020
Click to see story on Het NieuwsbladThe Fed cuts interest rates by half a point: this is the first reduction since 2020
Click to see story on Quotidiano NazionaleFirst interest rate cut in the US since 2020
Click to see story on NRKThe Fed gives air to the US economy and lowers interest rates by half a point
Click to see story on 20minutosInterest rate cut from the US: Fed with double interest rate cut
Click to see story on NettavisenFed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020 – News Bytes Bitcoin News
Click to see story on Bitcoin.comFed Slashes Key Interest Rate by Half-Point in Unexpected Move
Click to see story on GV WireThe Fed cuts rates by half a point, the first rate cut in four years
Click to see story on Economedia.roUS Fed makes half-point cut in first rate reduction since 2020
Click to see story on Insider PaperUS Federal Reserve slashes interest rates by 0.5% as Nigeria awaits return of foreign investors
Click to see story on NairametricsUS Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
Click to see story on Latest For MeUS Federal Reserve slashes interest rates by half a point, first cut in four years | | #1 NEWS SOURCE FOR PEOPLE OF COLOR ON EARTH !!!!!
Click to see story on #1 MULTICULTURAL NETWORK FOR PEOPLE OF COLOR ON EARTH !!!Fed cuts key interest rate by half percentage point, aggressive start to first easing campaign in four years — Financial Intelligence
Click to see story on Financial IntelligenceThe Fed cut interest rates by half a point, marking the start of the first intensive easing in four years.
Click to see story on Thaifrx.comFirst interest rate cut in four years in the US – key interest rate falls by 0.5 per cent
Click to see story on dagsavisen.noUS Federal Reserve makes half-point cut in first rate reduction since 2020
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Click to see story on Pakistan Live NewsFederal Reserve cuts US interest rates for first time since 2020
Click to see story on welingelichtekringen.nlFed Lowers Interest Rate for the First Time Since 2020 and Begins a Cycle of Cuts
Click to see story on nmas.com.mxThe Fed cuts rates half a point, its first cut since 2020
Click to see story on deia.eusThe Fed gives the US its first jumbo interest-rate cut in 4 years
Click to see story on The New York LedgerUS Federal Reserve Lowers Interest Rates by Half Point in First Cut Since 2020
Click to see story on barlamantoday.comThe Fed cuts rates half a point, its first cut since 2020
Click to see story on noticiasdealava.eusFed Cuts Interest Rates By Half-Point in First Rate Cut in Four Years
Click to see story on WealthyVCThe federal funds rate now sits between 4.75%-5%, down from 5.25%-5.5%. This marks the first rate cut in four years after inflation spiked amid the COVID-19 pandemic.
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“Recent indicators suggest that economic activity has continued to expand at a solid pace,” The Federal Open Markets Committee said in a statement. “Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2% objective but remains somewhat elevated.”
Inflation cooled for the fifth straight month in August at 2.5%, inching closer to the Federal Reserve’s target of 2%. But core prices, which strip out food and energy, stayed stagnant at 3.2%.
“In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” the statement read. “The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2% objective.”
The S&P 500, NASDAQ and Dow notched gains in immediate response to news of the rate cut.
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The Federal Reserve has a dual mandate of full employment and price stability. To keep those numbers in line with a strong economy, they use tools like adjusting the federal funds rate, which is the overnight lending rate for banks but in a downstream way affects interest rates on everything from mortgages to car loans.
The FOMC will not meet in October. The next policy meeting will take place on Nov. 6-7, right after Election Day.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
The Fed just announced a jumbo-sized interest rate cut
Click to see story on CNNFederal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020
Click to see story on CBS NewsFed announces big half-point interest rate cut, the first reduction since 2020
Click to see story on Los Angeles TimesFed Cuts Rates By Half Point In Decisive Bid to Defend Economy
Click to see story on BloombergThe Fed gives the US its first jumbo interest-rate cut in 4 years
Click to see story on Business InsiderFed goes big with interest rate cut in a bid to head off an economic slowdown
Click to see story on NBC NewsUS Fed cuts key lending rate by larger half-point in first reduction since 2020
Click to see story on Le MondeUSA: Fed cuts key interest rate for the first time since 2020
Click to see story on SpiegelFed slashes interest rates in first cut since 2020
Click to see story on WCSHSurprise! The Fed Cut Interest Rates by Half a Point — Here’s What It Means for Your Money
Click to see story on The Motley FoolFed cuts interest rates by a half point—the first time since 2020
Click to see story on Fast CompanyUS Fed slashes interest rates by half a point, first cut in four years
Click to see story on South China Morning PostFed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
Click to see story on CNBCEmboldened Fed lowers interest rates by half-point
Click to see story on The HillUS Fed makes half-point cut in first rate reduction since 2020
Click to see story on News24Bumper US interest rate cut aims to boost flagging economy
Click to see story on Sky News UKFed Cuts Interest Rates For First Time In 4 Years: Here’s What It Means For You
Click to see story on ForbesDow surges over 250 points after the Fed cut interest rates by a half-point, the first rate reduction in 4 years
Click to see story on MarketWatchFed slashes interest rates in first cut since 2020
Click to see story on WFAA 8abcFed slashes interest rates in first cut since 2020
Click to see story on WLTXFed slashes interest rates in first cut since 2020
Click to see story on WKYCEmboldened Fed lowers interest rates by half-point
Click to see story on FOX 5 San DiegoEmboldened Fed lowers interest rates by half-point
Click to see story on WOWKUS Fed Makes Larger Half-point Cut In First Rate Reduction Since 2020
Click to see story on Barron'sFed slashes interest rates in first cut since 2020
Click to see story on KTVBFed slashes interest rates in first cut since 2020
Click to see story on Fort Smith/Fayetteville NewsFed slashes interest rates in first cut since 2020
Click to see story on KYTXUS Fed slashes rates by 50 bps in first rate reduction since 2020
Click to see story on India TodayUS Federal Reserve slashes interest rate by 0.50% in first cut since 2020
Click to see story on Gulf NewsFed cuts rates for first time in 4 years, by half a percentage point
Click to see story on NikkeiFed Slashes Interest Rates by Half a Percentage Point, First Cut in 4 Years
Click to see story on The Epoch TimesFed slashes interest rates by a half-point, <br/>an aggressive start to its first easing <br/>campaign in four years
Click to see story on LucianneFed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
Click to see story on visiontimes.comRight
Untracked Bias
Fed cuts interest by 0.5 percentage point on first rate cut since 2020
Click to see story on GloboUS central bank takes major action, cuts interest rates for the first time since 2020
Click to see story on Het NieuwsbladThe Fed cuts interest rates by half a point: this is the first reduction since 2020
Click to see story on Quotidiano NazionaleFirst interest rate cut in the US since 2020
Click to see story on NRKThe Fed gives air to the US economy and lowers interest rates by half a point
Click to see story on 20minutosInterest rate cut from the US: Fed with double interest rate cut
Click to see story on NettavisenFed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020 – News Bytes Bitcoin News
Click to see story on Bitcoin.comFed Slashes Key Interest Rate by Half-Point in Unexpected Move
Click to see story on GV WireThe Fed cuts rates by half a point, the first rate cut in four years
Click to see story on Economedia.roUS Fed makes half-point cut in first rate reduction since 2020
Click to see story on Insider PaperUS Federal Reserve slashes interest rates by 0.5% as Nigeria awaits return of foreign investors
Click to see story on NairametricsUS Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
Click to see story on Latest For MeUS Federal Reserve slashes interest rates by half a point, first cut in four years | | #1 NEWS SOURCE FOR PEOPLE OF COLOR ON EARTH !!!!!
Click to see story on #1 MULTICULTURAL NETWORK FOR PEOPLE OF COLOR ON EARTH !!!Fed cuts key interest rate by half percentage point, aggressive start to first easing campaign in four years — Financial Intelligence
Click to see story on Financial IntelligenceThe Fed cut interest rates by half a point, marking the start of the first intensive easing in four years.
Click to see story on Thaifrx.comFirst interest rate cut in four years in the US – key interest rate falls by 0.5 per cent
Click to see story on dagsavisen.noUS Federal Reserve makes half-point cut in first rate reduction since 2020
Click to see story on NEWS9 LIVEUS Fed Makes Larger Half-point Cut In First Reduction Since 2020 – Pakistan Live News
Click to see story on Pakistan Live NewsFederal Reserve cuts US interest rates for first time since 2020
Click to see story on welingelichtekringen.nlFed Lowers Interest Rate for the First Time Since 2020 and Begins a Cycle of Cuts
Click to see story on nmas.com.mxThe Fed cuts rates half a point, its first cut since 2020
Click to see story on deia.eusThe Fed gives the US its first jumbo interest-rate cut in 4 years
Click to see story on The New York LedgerUS Federal Reserve Lowers Interest Rates by Half Point in First Cut Since 2020
Click to see story on barlamantoday.comThe Fed cuts rates half a point, its first cut since 2020
Click to see story on noticiasdealava.eusFed Cuts Interest Rates By Half-Point in First Rate Cut in Four Years
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