Fed

The Fed cuts interest rates by a quarter point

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Jerome Powell speaks after Federal Reserve announces interest rate decision The Federal Reserve announced its second straight interest rate cut on Thursday, cutting the key rate by 25 basis points, amid economic data showing signs that inflation and the labor market are cooling. With the 25 basis point cut, the benchmark federal funds rate will … Read more

Fed rate decision November 2024:

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The Federal Reserve approved its second straight interest rate cut on Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy. Following September’s big half-percentage point cut, the Federal Open Market Committee cut its benchmark overnight lending rate by a quarter of a percentage point, or 25 basis … Read more