Fed signals slower pace of key rate cuts, offering limited relief on borrowing costs

Q: How long will it take to read this news story?

The story "Fed signals slower pace of key rate cuts, offering limited relief on borrowing costs" has 682 words across 23 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Fed signals slower pace of key rate cuts, offering limited relief on borrowing costs" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 69 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24536948</li><li>URL: https://beamstart.com/news/fed-signals-slower-pace-of-17345284393756</li></ul>

Business Mirror Logo Business Mirror 11h ago

Fed signals slower pace of key rate cuts, offering limited relief on borrowing costs - Business Mirror

Quick Summary:

WASHINGTON—Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.

The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6 percent to roughly 4.3 percent.

The central bank’s policymakers may signal that they expect to reduce their key rate just two or three times in 2025, rather than the four rate cuts they had envisioned three months ago.