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Yesterday — 19 September 2024Main stream

How Inflation and High Interest Rates Have Changed the Economy

✇NYT | Top Stories
By: Jeanna Smialek
19 September 2024 at 17:03
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.

© Audra Melton for The New York Times

A worker sorting clothing donations at the Atlanta Mission. Rising rates of homelessness and poverty in Atlanta track with national trends.

How to Read the Fed’s ‘Dot Plot’ Like a Pro

✇NYT | Top Stories
By: Jeanna Smialek
19 September 2024 at 00:30
The Federal Reserve is expected to cut rates on Wednesday. Wall Street is focused on how much, and on what comes next.

© Al Drago for The New York Times

The Federal Reserve’s William McChesney Martin building in Washington.
Before yesterdayMain stream

Fed Cuts Interest Rates for First Time in Four Years

✇NYT | Top Stories
By: Jeanna Smialek
19 September 2024 at 03:47
Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.

© Tom Brenner/Reuters

Federal Reserve Board Chairman Jerome Powell speaking at a press conference on interest rate policy in Washington, D.C. today.

How the Fed Cutting Interest Rates Affects Banks, Stocks and More

✇NYT | Top Stories
By: Rob Copeland， Joe Rennison and Jeanna Smialek
17 September 2024 at 17:01
For corporate America, this week’s expected interest rate cut carries risks along with rewards.

© Haiyun Jiang/The New York Times

The Federal Reserve is expected to cut interest rates this week, by either a quarter or a half a percentage point.
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