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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 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 Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
The Federal Reserve slashed the federal funds rate for the first time in four years on Sept. 18, signaling the beginning of a rate cutting cycle that's likely to last into 2025. On its own, this ...
Announced biggest rate hike since 1994 to continue combat inflation. George dissented, preferring a 50-basis-point upward adjustment to the policy rate. Official statement: May 4, 2022 0.75%–1.00% 1.00% 9–0 Announced biggest rate hike since May 2000 to combat inflation. Official statement: March 16, 2022 0.25%–0.50% 0.50% 8–1
The Fed wrapped up 2024 with three rate cuts in total. The central bank started with a bigger half-point cut in September, then made smaller quarter-point cuts in both November and December. This ...
Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
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 ...