Feds drop interest rates by another quarter-point easing burden for borrowers
The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a reversal after more than two years of high rates, which largely helped tame inflation but also made borrowing painfully expensive for American consumers. But now, the Fed is facing a variety of challenges as it seeks to complete a "soft landing" for the economy, whereby high rates manage to curb inflation without causing a recession. Asked why the central bank envisions any rate cuts in 2025 given still-elevated inflation, Powell noted that the Fed's latest projections "have core inflation coming down to 2.5 next year." Powell acknowledged that Fed officials are seeking "to understand ways tariffs can affect inflation and the economy and how to think about that."
US Federal Reserve could be in difficult spot with higher prices, slower hiring
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