Top news
Profoundly low interest rates are here to stay
By Robin Harding
Dow drops 330 points in worst day since May after Powell hints rate cut not the start of a trend
By Fred Omar Imbert
A Preview of the Fed Meeting
By Jeanna Smialek
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Formerly TwitterNick Timiraos
NickTimiraos
Takeaways from the Powell presser:
-There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes
-He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected
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Nick Timiraos
NickTimiraos
Powell on taking politics into account when setting interest rates: "We just don't do that .... If you go down that road, where do you stop?"
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Heather Long
byHeatherLong
Fed Chair Powell summary today:
1) A rate hike is very unlikely
2) His base case is to cut rates later this year, but it’s not a given
3) No sign of stagflation
4) 3% inflation is not acceptable
#Fed #economy pic.twitter.com/s6UwoWoSuz
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Heather Long
byHeatherLong
Fed Chair Powell says “it is UNLIKELY” the next move will be a rate hike
“It is likely it will take longer” to be confident before rate cut, he emphasizes pic.twitter.com/rmCSXoNxTE
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All coverage
What To Know About the Federal Reserve Rate Cut
By Christopher Condon & Rich Miller
Federal Reserve cuts interest rates by 0.25% – its first in a decade
By Richard Partington
Federal Reserve Cuts Interest Rates For First Time Since 2008
By Christopher Condon & Craig Torres
Fed Chairman Powell says rate move was a 'midcycle adjustment,' hinting more cuts not a guarantee
By Jeff Cox
Fed Cuts Interest Rates For First Time Since The Recession
By Scott Horsley
Why the Federal Reserve Cut Interest Rates
By Karl Russell & Jeanna Smialek