Federal Reserve made a 3rd consecutive rate cut today. Here's …

On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025, a move ...

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Federal Reserve Interest Rate Cut: December 2024 - NBC News

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Dec 18, 2024 · The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects …

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Fed Trims Interest Rate By Quarter Point, Predicts Just 2 Cuts In 2025

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Dec 18, 2024 · The economy, meanwhile, grew at a healthy 2.8% annual rate in the third quarter and is projected to expand 3.1% in the current quarter, according to the Federal Reserve Bank …

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Federal Reserve Cuts Interest Rates By Quarter Point In December

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Dec 18, 2024 · With the 25-basis-point cut, the benchmark federal funds rate will sit at a range of 4.25% to 4.5%. The Fed's move follows a 25-basis-point cut in November and a larger-than …

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The Federal Reserve Cuts Interest Rates Again : NPR

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Dec 18, 2024 · The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since …

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FAQs about Federal Reserve made a 3rd consecutive rate cut today. Here's … Coupon?

Will the Federal Reserve cut interest rates next year?

The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more reductions next year as inflation lingers. ...

Why did the Federal Reserve cut interest rates in 2024?

The Federal Reserve on Wednesday announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for borrowers, the central bank also projected that it will loosen rates less next year than previously expected. ...

When did the Federal Reserve cut the federal funds rate?

On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. ...

Why did the Fed cut interest rates?

The Federal Reserve (Fed) cut interest rates by 25 basis points, signaling progress toward its dual goals of maximum employment and price stability. Markets dropped nearly 3% on news of the cut, but were showing signs of recovery by Thursday. ...

Is the Fed cutting interest rates a half a point?

Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday. Are more rate cuts coming? ...

Why did the Fed cut a quarter-point interest rate?

The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable. The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. ...