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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 downward trend was enough for the Fed to cut rates in September, November, and December 2024. ... Throughout history, ... but the unemployment rate ticked higher in 2024 (from 3.7% to 4.1% ...
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 ...
December 18, 2024: Fed cuts rates by another quarter point — third straight cut since Sept. At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024 ...
The central bank leader’s words help set market expectations about future interest rates, and after yesterday’s Fed meeting, he signaled that the latest rate cut was a closer call than ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 95% chance the Fed will cut rates by a quarter percentage point to a range of 4.25% to 4.50% at its ...
The Federal Reserve lowered borrowing costs again at its final gathering of 2024, but officials cast doubt over how many more times they’ll be able to cut rates in the year ahead as inflation ...
The Federal Reserve said it is cutting rates by 0.25 percentage points, ... How low will rates go in 2024? The Fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its December ...