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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 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 Fed cut short term rates by a half of a percentage point on Sept. 18, following a series of 11 rate hikes that kicked off in March 2022 and ended in July 2023.
The Fed, after 5.25 percentage points of increases between March 2022 and July 2023, is seen deciding between a quarter-percentage point cut in its key rate to the 5.00%-5.25% range, or a half ...
In the last two decades, the Fed approved emergency rate cuts ... from 9.1 percent in June 2022 to 3 percent in June 2024. ... Some stock market volatility isn’t enough to prompt an emergency ...
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
For example, we went from a benchmark federal funds rate at near-zero levels to the recent peak target range of 5.25% to 5.5%, over a series of several rate hikes in 2022 and 2023. While the ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove ...