Most investors are betting that the Federal Reserve will reduce rates by a quarter point this week, cutting rates for the first time in four years.
Subscribe to ABC News on YouTube:
ABC News Digital is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage.
Download the ABC News app for the latest headlines and alerts:
Watch 24/7 coverage of breaking news and live events on ABC News Live:
Watch full episodes of World News Tonight with David Muir here:
ABC News is the home to the #1 evening newscast “World News Tonight” with David Muir, “Good Morning America,” “20/20,” “Nightline,” “This Week” with George Stephanopoulos, “ABC News Live Prime” with Linsey Davis, plus the daily news podcast “Start Here.”
Connect with ABC News on social media:
Facebook:
Instagram:
TikTok:
X:
Threads:
LinkedIn:
source
30 Comments
we have had plenty of Rate cuts underAlbo "my wage has cut my buying power it basically a rate cut for the COST of LIVING
Trump wants the president to take on the federal reserve chairman job. Wow, big job. He'd better eat a big double dog and cat burger before tackling that.
I’m glad people are seeing past this bullshit. I remember hearing someone say this was going to happen, and I think it was Charlie Kirk, and it’s amazing how desperate and scummy our government is to finally do something for the people (even though it’s not really much and still a slap in the face) when it comes to boosting a political parties presidential run. This is the biggest scandal and insult to us citizens. Treating us like tools, and thinking we’re that stupid to believe it’s just a coincidence and giving us a false sense of things are going to get better if you vote for Kamala. Who, keep in mind, loves to throw others in jail for things she does, laughs in the face of a crisis and avoids the topic completely, has shown that she can’t be trusted in handling the wellbeing of this country and its citizens, and on top of all that cares only about her social status and how much of a girl boss she looks to others. It’s just insane
This will make the inflation much worst
If Biden and Harris economy are doing so great, why did they choose to do this?
We are headed to a depression do to the failed democratic policies. The cut signals that we are headed to economic disaster. Reagan was able to keep high interest rate and high economic growth. We need Reagan policies
Inflation is not going down it keeps on going up. The government is manipulating the data. I am paying more than triple on everything compared to 4 years ago!
Like Elizabeth Warren said, "The system is RIGGED!"
This has NOTHING TO DO WITH POLITICS only banks and the rich, 0.5 isn't Nothing. Middle class, lower class will not benefit
SERIOUSLY?! .5 PERCENT?? this will not help anybody but maybe the rich
Amazing how they’re magically able to do this right at election time
I think we need an ABC fact checker to check this.. report back that everything is correct!!
We are now officially in a recession! Full 1/2 must be bad! Last box checked! Personal savings report lowest since, you guess it 2007, sahm report recession, interest on nat debt more that military budget and social security combined recession, credit card debt all time high, mortgage applications all time low, you cant buy a home with no down payment, money to make a payment or a job, and finally Tupperware filed for bankruptcy!
LMFAO!! Rate cut really?? Hmmm… Wonder where that came from??
Four years…Bidenomics served us a crap sandwich for his entire term.
They have to help Kamala's 30% inflation like ABC did.
Yes by 1/2 % I just saw it ha-ha
watch inflation soar just before the election
1/2 point cut as of today, the 18th. Just in case anyone is wondering what side the fed reserve is on politically, now you know. … shocking, right?
the federal reserve act of 1977 mandates 3 policies not two. I could not find any reports of the 3 policies being reduced to two. If the 3 policies are still the statutory law then how did the federal reserve reduce the policies to two(dual mandate)?
Although the Reform Act directs the Federal Reserve to pursue three policy goals, the Federal Reserve focuses on employment and prices. The third goal—“moderate long-term interest rates”—is often not explicitly discussed. Is 0.25% considered "moderate"? The question is what is a moderate long term interest?
First time in 4yrs and also election year mm go figure
Focus on what the FEDERAL RESERVE CAN ACTUALLY DO……FOR ONCE. ATM INC
ASK THE FEDERAL RESERVE TO LOCATE ALL THE USA PHYSICAL PRINTED MONEY BY BATCH AND FIND OUT HOW MUCH IS IN LEBANON
AND HAITI
OUT OF THE USA
AND EXPLAIN HOW LONG SERIAL NUMBERS ARE GOOD AND
GOOD GIRLS NETFLIX
WHAT HAPPENED TO THE US DOLLAR PRINTER
EXPLAIN TO PEOPLE
1 YEAR OLDS ALL PERSONS WHAT IS THE PAPER MONEY
AND WHY OTHER STATES NATIONS HAVE IT AND HOW LONG CAN THE KEEP IT
SHOW IT MOVING AROUND
BACK AND FORTH
OR just out ….. see explain money as a product not a GOD.
Gas here is at 2.70
ABC news they should call it ZYZ
WHAT A JOKE! $35TRILLION DOLLARS IN DEPT! AMERICA IS DOOMED!
ABC-> 100% NEGATIVE GARBAGE
The fed’s not political at all. Interest rate cuts 2 months before the election are a coincidence.
Have no fear, rates will be cut the same as lower gas and food, only until the election. Then everything through the roof until they have either rich and poor as the only economic groups. That is socialism at work.
Jerome Powell is extremely incompetent. Maybe somebody from Alabama should take over as fed chair.