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For the first time in four years, the Federal Reserve's benchmark, ... The previous 23-year high remained stagnant since July 2023 until September's meeting, marking the new range of 4.75% to 5%.
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
The stock market rally has stalled as the final Federal Reserve meeting of the year approaches. In the past week, the Nasdaq Composite ( ^IXIC ) was the only of the three major indexes to post a ...
The Fed will announce its latest policy decision at 2:00 p.m. ET on Wednesday, with Fed Chair Jerome Powell set to hold a press conference at 2:30 p.m. ET. The Fed will not offer updated economic ...
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025. ... Still, new APR rates on credit cards have declined to 24.43% from 24.92% in September ...
Wall Street's main indexes were subdued in choppy trading on Wednesday, as investors anticipated an interest rate cut from the Federal Reserve in its final meeting of the year and awaited clues on ...
FILE - Federal Reserve chair Jerome Powell speaks at the DealBook Summit in New York, on Dec. 4, 2024. (AP Photo/Seth Wenig, File) (ASSOCIATED PRESS)
The Federal Reserve meets for its first two-day rate-setting session of 2025 on Tuesday, January 28, and Wednesday, January 29, 2025. At the end of its Federal Open Market Committee session on ...