Business, Finance & Tech

Federal Reserve Cuts Interest Rates Again, Signals Potential for Future Adjustments

Name: Federal Reserve Cuts Interest Rates Again, Signals Potential for Future Adjustments
Uploaded: 2024-11-08T14:00:00-08:00
Channel: NBC Palm Springs
Description: The Federal Reserve approved its second consecutive rate cut, lowering its benchmark borrowing rate by a quarter-point, potentially impacting mortgage, credit card, and auto loan rates. Chair Jerome Powell indicated openness to future cuts, while Wall Street responded positively, with the S&P 500 and NASDAQ reaching new highs post-election.

By: NBC Palm Springs

November 8, 2024

Federal Reserveinterest rate cutJerome Powellconsumer borrowing ratesWall Street rallySP 500NASDAQeconomic policy

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