Federal Reserve Cuts Key Interest Rate By 25 Bps
08 Nov 2024
The Federal Reserve lowered its key interest rate by 0.25 percentage points on Thursday to help maintain economic growth in the U.S. The new federal funds rate range is now 4.5% to 4.75%, following a larger 0.5-point cut in September. The Federal Open Market Committee (FOMC) stated that it believes...
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