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At the conclusion of its first rate-setting policy meeting of 2025 on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50%, this ...
As a result, the Fed recently reduced its forecast for interest rate cuts in 2025. ... The downward trend was enough for the Fed to cut rates in September, November, and December 2024. But after ...
The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed through to auto loans, which fell on average from a peak of 7.3% in July ...
In an emergency decision the rate was cut by half a percentage point on March 3, ... Date Fed. Funds Rate Discount Rate Votes Notes January 29, 2025 4.25%–4.50% 4.50%
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...
The Fed’s economic projections for the rate next year changed from 3.4% in September to 3.9%, and the central bank revised its expectations for inflation from 2.1% to 2.5%, suggesting it sees a ...
In 2026, officials see two additional cuts, bringing the fed funds rate down to 3.4%. In September, officials had pegged interest rates to come down to 2.9% in 2026.
The Federal Reserve recently cut rates for the first time in more than four years. But this could be just the beginning. ... 3.4% by the end of 2025, which implies another 1 percentage point of ...