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For the first time in four years, the Federal Reserve's benchmark, short-term rate was scaled back by a half percentage point.The previous 23-year high remained stagnant since July 2023 until ...
Here's when its rate-setting committee meets next — plus a recap of past meetings. ... the Fed announced holding the federal funds target interest rate steady at a range of 4.25% to 4.50% ...
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Pinned post. Fed follows through, cutting interest rates by a quarter of a percentage point. The Federal Reserve cut interest rates for the second consecutive meeting on Thursday, this time by a ...
Investors view it as a near given that the U.S. Federal Reserve will cut interest rates by a quarter of a percentage point at its Dec. 17-18 meeting, with more attention focused on policymakers ...
Read more about the long-awaited Fed interest rate cut: Fed officials set to cut rates for the first time in 4 years Fed rate cut decision risks investor 'angst' — here's what strategists are saying
A reporter listens as U.S. Federal Reserve Chair Jerome Powell answers a question during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy ...
The Fed held interest rates steady at a 22-year high at that September meeting while signaling another rate hike will be needed later this year to bring inflation back to its 2% target.