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The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year. ... The next Fed rate decision will be announced on Dec. 18.
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 Fed cut its benchmark rate one-quarter of 1 percentage point on Wednesday, to between 4.25% and 4.5%, in line with economists’ expectations, despite measures of inflation moving up in recent ...
The Federal Reserve on Wednesday announced its third straight interest rate cut, lowering the benchmark rate by 25 basis points amid economic data showing that inflation remains above the central ...
The FOMC cut rates by 25 basis points. They drew back on their easing bias somewhat by removing "downside risks to growth remain" from its statement, but left no sign of a future pause to the interest rate cuts. Fisher and Plosser dissented, preferring no change. Official statement: March 18, 2008 2.25% 2.50% 8–2
The Fed is expected to announce a quarter-point cut to its benchmark interest rate this afternoon, marking a third consecutive rate cut since September to a range of 4.25% to 4.50%.
On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
Traders initially cheered when the Fed said it would cut rates by 50 points, as the market expected, ... The central bank announced the 50-point cut in a release at 2 p.m. Wednesday, ...