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It was the first rate cut since March 2020, when the Fed lowered the rate from a range of 1.50% to 1.75% to a range of 0% to 0.25% in response to the COVID-19 pandemic.
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 ...
In October 2019 the target range for the Federal Funds Rate was 1.50–1.75%. [13] On March 15, 2020, the target range for Federal Funds Rate was 0.00–0.25%, [14] a full percentage point drop less than two weeks after being lowered to 1.00–1.25%. [15]
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
The Federal Reserve lowered interest rates by 25 basis points to a range of 4.25%-4.5% at its final meeting of the year and signaled it would slow down the pace of its cuts after slashing interest ...
The Fed’s new median rate projection for 2024 signals just one rate cut. After the Federal Reserve’s latest interest rate decision, you may be tempted to try and start connecting some dots.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
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.