8 hours ago · The Fed’s benchmark rate stands at about 4.6 percent. In an effort to tamp down sky-high inflation, the central bank began lifting rates rapidly — from near zero to a high of …

11 hours ago · Even as the Fed ordered the last of its 2024 rate cuts, at its December meeting, the panel forecast a significantly slower pace of cuts in 2025, citing lingering inflation and …

15 hours ago · The central bank has penciled in two rate cuts this year after it lowered them for three consecutive meetings, whittling its benchmark rate from a 20-year high range of 5.25% …

6 hours ago · In the meantime, inflation-weary consumers won't get much relief from still-high borrowing costs, especially if the Fed holds off on additional rate cuts later in 2025, as many …

Dec 18, 2024 · What was the Fed rate decision today? The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, …

Dec 18, 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 …

Dec 18, 2024 · The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year …

Dec 18, 2024 · Federal Reserve officials made their third and final rate cut of 2024 at their meeting on Wednesday. They also forecast two fewer rate reductions in 2025 than they had …

Dec 18, 2024 · Fed officials penciled in just two rate cuts for next year, according to their latest forecasts, down from the four they projected in September. Officials also project slightly …

Sep 18, 2024 · In a significant shift for the US economy, the Federal Reserve announced a jumbo-sized rate cut Wednesday, its first rate reduction cut since Covid. It’s a major economic …