The Federal Reserve’s Federal Open Market Committee (FOMC) announced on Wednesday that it would lower the target range for the federal funds rate by 25 basis points, a quarter-point cut, to 3.50%–3.75%.
Read More Fed. Reserve cuts rate another quarter-point
It would be the third cut in a row and bring the Fed’s key rate to about 3.6%, the lowest in nearly three years.
Read More Federal Reserve likely to cut rates, may signal just one more reduction next year
The S&P 500 added 0.1% in morning trading and remains near its all-time high set a couple weeks ago.
Read More US stocks are drifting around their records as AMD rallies
The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.
Read More Fed cuts interest rates to lowest level in 3 years
The Federal Reserve announced a quarter-point reduction in its key interest rate on Tuesday, lowering it to a range of 4.00% to 4.25%. This marks the first rate cut since December of last year.
Read More Federal Reserve cuts interest rates, suggests more reductions to come
The Federal Reserve reduced interest rates for the first time since December and indicated more cuts would follow to halt any signs of weakness.
Read More Fed lowers interest rates, signals more cuts ahead; Miran dissents