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In an emergency decision the rate was cut by half a percentage point on March 3, ... Date Fed. Funds Rate Discount Rate Votes Notes December 18, 2024 4.25%–4.50% 4.50%
Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, D.C., on December 18, 2024. (Photo by ANDREW CABALLERO-REYNOLDS/AFP ...
This is 2024's third federal funds rate cut following a half-point cut in September and a quarter cut in November. ... with different maturity dates. For example, you could divide $20,000 into ...
The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for ...
November 7, 2024 at 3:25 PM. The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after Donald Trump was elected president.
The Federal Reserve lowered borrowing costs again at its final gathering of 2024, but officials cast doubt over how many more times they’ll be able to cut rates in the year ahead as inflation ...
Along with trimming the number of rate cuts expected this year, the new rate projections raised the long-run "neutral" rate needed to keep inflation in check while maintaining steady growth to 2.8 ...
The Federal Reserve announced its first rate cut in four years on Sept. 18. It opted for a more aggressive 50 basis point cut instead of just 25 basis points, but many see this as just the beginning.