[ad_1] Federal Reserve interest rate decision news: The Federal Reserve reduced its key interest rate by 25 basis points on Wednesday, December 18, 2024, marking the third consecutive cut. As expected by the markets, the Federal Open Market Committee (FOMC) lowered the overnight borrowing rate to a target range of 4.25%-4.5%. This brings rates back to […]
US Federal Reserve cuts interest rates by 50 basis points, another 50 likely by December – CNBC TV18
[ad_1] Jerome Powell-led US Federal Reserve lowered interest rates by a half-point percentage, reversing its rate-hiking cycle that began in 2022. After the FOMC decision, the overnight lending rate now stands in the range of 4.75%-5% from the earlier 5.25%-5.5%. Fed Chair Jerome Powell is slated to hold a news conference at 2:30 PM ET […]