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2. Federal reserve cuts rates by half a point. How will ... - AOL

   www.aol.com/federal-cuts-rates-half-point...

   The Fed’s decision to make the first rate cut in four years lowered its benchmark short-term rate to a range of 4.75% to 5% from a 23-year high of 5.25% to 5.5%.

3. Fed cuts key interest rate half a point as inflation eases ...

   www.aol.com/fed-cuts-key-interest-rate-181227336...

   The UCLA Anderson forecast has predicted federal funds rates dropping under 5% next year and down to an average of 4.4% in 2026. The Fed had increased its target rate 11 times starting in March ...

4. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

5. July Fed meeting preview: As unemployment rises and ... - AOL

   www.aol.com/finance/july-fed-meeting-preview...

   The current unemployment rate of 4.1 percent is still below the Fed’s ... long-term joblessness — is now the highest since 2017. ... a mistake by not cutting interest rates in July, it has two ...

6. History of Federal Open Market Committee actions - Wikipedia

   en.wikipedia.org/wiki/History_of_Federal_Open...

   The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.

7. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   The Federal Reserve adjusts its administratively set interest rates, mainly the interest on reserve balances (IORB), to bring the effective rate into the target range. The target range is chosen to influence market interest rates generally and in turn ultimately the level of activity, employment and inflation in the U.S. economy. [3]