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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]
A series of rate cuts brought the benchmark federal funds rate down a full percentage point between September and December 2024, to the current range of 4.25% to 4.5%. (This story has been updated ...
The decision means the Federal Open Market Committee (FOMC) will keep its benchmark federal funds rate at 4.25-4.5 percent, a target range last seen in early 2023. Before then, rates hadn’t been ...
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 Federal Reserve lowered interest rates on Wednesday by 25 basis points to a range of 4.25%-4.5% at its ... bringing the fed funds rate down to 3.4%. ... Economists have categorized the current ...
The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 97% chance the Fed will cut rates by a quarter percentage point to a range of 4.25% to 4.50% at its ...
Biggest Fed rate cut winners 1. Stock market investors. Interest rates typically fall after federal funds rate cuts, allowing the stock market to perk up — and we’re already seeing this play ...