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Just before the Fed announced a 50 basis point rate decrease on Sept. 18, the average credit card rate was 20.78 percent (1 basis point shy of a record set in August). It has since edged down to ...
The Fed’s dot plot is a chart updated quarterly that records each Fed official’s projection for the central bank’s key short-term interest rate, the federal funds rate. The dots reflect what ...
Fed officials see the fed funds rate peaking at 4.6% in 2024, down from the Fed's previous September projection of 5.1%. That suggests the Fed will cut rates by 0.75% next year.
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.
Federal Reserve Web Site: Federal Funds Rate Historical Data (including the current rate), Monetary Policy, and Open Market Operations; MoneyCafe.com page with Fed Funds Rate and historical chart and graph ; Historical data (since 1954) comparing the US GDP growth rate versus the US Fed Funds Rate - in the form of a chart/graph
The Federal Reserve cut interest rates by a quarter of a percent Wednesday and signaled half as many rate cuts in 2025 as initially forecast. Economists say these changes could be in anticipation ...
The next Federal Reserve meeting will be held from Nov. 6 through 7. Your wallet, explained. Sign up for USA TODAY's Daily Money newsletter. Federal Reserve 2024 Meeting Schedule. Jan. 30–31 ...
When the Fed last issued its dot plot in September, the median forecast was for the fed funds rate to end 2025 in a range of 3.25% to 3.5%. Instead of the four rate cuts in 2024 projected back in ...