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The Federal Reserve said it is cutting rates by 0.25 ... for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level. ... Fed rate cut means for mortgage interest rates
The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.
The move means officials have now slashed the Fed’s key benchmark interest rate — the federal funds rate — a full percentage point, bringing the new target rate down to 4.25-4.5 percent.
The Federal Reserve cut interest rates by 25 basis points in its last decision of 2024. It marks the third consecutive rate cut of the year. Powell said the Fed is likely to move more cautiously ...
The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
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