Press "Enter" to skip to content

Fed. Reserve cuts rate another quarter-point

OAN Staff Katherine Mosack

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%.

The decision, voted on by a 9–3 margin, represents the third consecutive rate cut this year, following reductions in September and October, for a total of 75 basis points lowered since the cycle began.

The move aims to support a cooling labor market, lower borrowing costs for consumers, and address any inflation, according to the official FOMC statement and Chair Jerome Powell’s press conference.

Read Full Article Here…(oann.com)


Home | Caravan to Midnight (zutalk.com)

Live Stream + Chat (zutalk.com)

We Need Your Help to Keep Caravan To Midnight Going,

Please Consider Donating to Help Keep Independent Media Independent

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Breaking News: