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The Federal Reserve went big with its first interest rate cut since March of 2020. The Fed announced a half-point cut in the federal funds rate, dropping to 4.875%, down from a 23-year high of 5.50%.
The Federal Reserve is expected to announce Wednesday its first interest rate cut since 2020. How big that cut will be remains to be seen, but it is widely expected to target a 0.25% reduction ...
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 ...
The wait is over. After more than a year of will-they-or-won’t-they, the Federal Reserve on Sept. 18 announced the first cut to its benchmark federal funds rate since the early days of the COVID ...
The cut, likely to be announced Wednesday afternoon, is seen as between one-fourth and one-half of 1 percentage point. The Fed began increasing its target rate as the pace of inflation began to ...
That was the big debate among economists ahead of Wednesday's announcement, with some predicting that the Fed would shave its benchmark rate by 0.25 percentage points — the Fed's standard ...
Thursday’s Fed rate cut reduced its benchmark rate to about 4.6%, down from a four-decade high of 5.3%. The Fed had kept its rate that high for more than a year to fight the worst inflation ...
To see a real-life example, let’s look at how mortgage rates moved when the Federal Reserve increased its benchmark in the first half of 2023 to combat inflation: Date Target Fed funds rate